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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

Kristoffer Lindström

Equity Analyst

kristoffer.lindstrom@redeye.se

+46854501330

Company Quality

  • 8.0
  • 6.0
  • 6.0
  • 2.5
  • 4.0

Leadership

Exclusive for members
Vi bedömer West:s ledning som en av de främsta tillgångarna i bolaget. Framförallt när det gäller bolagets förmåga att investera i framtida tillväxt projekt som ökar värdet för aktieägare. Bolaget har sedan omkring fyra år fokuserat investeringarna till Kortterminal segmentet vilket vi finner positivt. Sten Karlssons kompetens och historik bidrar starkt till vår goda rating av ledningen. Bolagets kompensationsnivåer finner vi även som måttfulla för ett bolag av West:s storlek.

Ownership

Exclusive for members

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Profit outlook

Exclusive for members

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Profitability

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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

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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

West International grundades 1988 och har varit noterad på Nasdaq Stockholm First North sedan 2007. Huvudkontoret ligger i Upplands Väsby där arbetar omkring 20 anställda. West levererar transaktions- och betalningslösningar till näringsidkare, slutkunder av bolagets produkter är bland annat ÖoB, Polarn och Pyret och JC. Read more...
West International grundades 1988 och har varit noterad på Nasdaq Stockholm First North sedan 2007. Huvudkontoret ligger i Upplands Väsby där arbetar omkring 20 anställda. West levererar transaktions- och betalningslösningar till näringsidkare, slutkunder av bolagets produkter är bland annat ÖoB, Polarn och Pyret och JC. Bolagets olika produkter hjälper till att effektivisera handeln i fysiska miljöer.
West International har utvecklas från att vara ett renodlat hårdvarubolag och distributör till att vara mer av ett mjukvarubolag genom smarta transaktions- och betallösningar. Detta ses tydligt på bruttomarginalen i bolaget som har ökat från 28 procent under 2010 till omkring 42 procent 2014.
West International är verksamma inom POS (Point-Of-Sales) industrin. Med POS menas alla komponenter som krävs för att näringsidkare skall kunna ta betalt av kunder vid ett köptillfälle. Detta inkluderar allt från kortterminaler, självutcheckning, mjukvara i kassasystemen, kvittorullar till kassabandet i kassorna. West är verksam inom tre underkategorier till POS industrin; Kortterminaler, Självbetjäning samt Kassautrustning. Terminalerna från West återfinns på bland annat Malmö Arena, ÖoB, Polarn och Pyret, JC för att nämna några
Less...

TODAY

Day High
7.15
7.15
0.00
0.0%
Day Low
7.10
Day Open
7.10
Prev Close
7.15
VWAP
7.1
Volume
1K
Turnover
0.006M
Top Broker
AVA
VWAP
7.0
Avg Volume
29K
Avg Turnover
0.203M
Top Brokers
AVA/NON

52 WEEK SUMMARY

Price Range
Beta
n/a
Market Cap
160.9M
Total Return
73.1%
Trailing P/E
74.6
Div Yield
0.0%
Shares Outstanding
22.5M
Next Earnings Date
18 May
Stock Exchange
First North 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 10.5%
Rel Price Chg 12 Months 56.1%
Volume Trend
Avg Vol 10 vs 60 Days -32.7%
Price vs...
52-Week High -20.6%
50-Day Moving Average -6.2%
200-Day Moving Average 8.5%

Historic pricing of West International

Last price: 7.15 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

Sten Karlsson, CEO
Per Ersson, CFO

Executive Board

Christina Detlefsen, Chairman of the board
Tomas Rudenstam
Malte Roggentin
Jörgen Nordlund
Päivö Eerola

Last updated: 2017-02-24 Source: Redeye

Major Holders

Owner Equity Votes
NORDNET PENSIONSFÖRSÄKRING AB 15.5%
16.0%
AVANZA PENSION 9.6%
9.9%
FAMILJEN ROGGENTIN MED BOLAG 8.0%
8.3%
ELEMENTA 6.0%
6.2%
JÖRGEN NORDLUND (PRIVAT OCH MED BOLAG) 5.7%
5.9%
GÖRAN SPARRDAL 4.6%
4.7%
STEN KARLSSON (PRIVAT, FAMILJ. BOLAG) 2.9%
3.0%
ROGER ANDERSSON 2.4%
2.5%

Last updated: 2017-02-24 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, Kim ANB Sale + 36 63
2015-12-15 Svensson, Sture ANB Sale + 35 6
2015-12-15 Svensson, Malin ANB Sale + 42 24
2015-12-15 Kvist, Kim ANB Sale + 29 174
2015-12-15 Kvist, Malin ANB Sale + 55 196

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
  • -10.5%
  • -11.0%
  • -10.3%
  • 4.4%
  • -3.2%
  • -2.9%
  • -0.11
  • -0.11
  • 0.00
  • -0.30
  • 18.8M
  • 128.7
  • -68.0
  • -68.0
  • 2.0
  • 1.9
  • 43.2
  • -60.2
  • 6.5
  • 44.0%
  • 1.3%
  • -6
  • 15
  • 1.4
2015
  • 2.3%
  • 4.1%
  • 4.2%
  • 6.8%
  • 1.1%
  • 0.6%
  • 0.02
  • 0.02
  • 0.00
  • -0.04
  • 19.5M
  • 138.5
  • 294.2
  • 294.2
  • 1.8
  • 1.8
  • 27.1
  • 165.8
  • 6.6
  • 57.4%
  • 0.0%
  • -1
  • 20
  • 2.2
2016
  • 7.8%
  • 10.8%
  • 12.2%
  • 7.8%
  • 4.0%
  • 2.9%
  • 0.10
  • 0.10
  • 0.00
  • -0.82
  • 23.2M
  • 146.7
  • 74.6
  • 74.6
  • 2.2
  • 1.9
  • 24.4
  • 47.6
  • 4.6
  • 56.5%
  • 0.0%
  • -19
  • 17
  • 1.2
2017E
  • 11.1%
  • 14.2%
  • 24.9%
  • 10.5%
  • 5.8%
  • 4.5%
  • 0.18
  • 0.18
  • 0.00
  • -0.47
  • 23.2M
  • 154.9
  • 39.1
  • 39.1
  • 1.7
  • 1.6
  • 15.7
  • 28.6
  • 4.0
  • 63.6%
  • 0.0%
  • -11
  • 29
  • 1.5
2018E
  • 24.5%
  • 27.2%
  • 38.3%
  • 12.9%
  • 8.4%
  • 7.6%
  • 0.49
  • 0.49
  • 0.00
  • -0.36
  • 23.2M
  • 157.4
  • 14.7
  • 14.7
  • 1.1
  • 1.1
  • 8.2
  • 12.6
  • 3.1
  • 58.8%
  • 0.0%
  • -8
  • 43
  • 1.7
2019E
  • 34.3%
  • 43.9%
  • 49.4%
  • 16.8%
  • 13.1%
  • 10.2%
  • 0.92
  • 0.92
  • 0.00
  • -0.45
  • 23.2M
  • 155.3
  • 7.8
  • 7.8
  • 0.8
  • 0.7
  • 4.4
  • 5.7
  • 2.2
  • 59.1%
  • 0.0%
  • -11
  • 62
  • 1.7
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
  • 68
  • -65
  • 3
  • -5
  • 0
  • 0
  • -2
  • 0
  • -0
  • 0
  • -3
  • 1
  • -2
2015
  • 75
  • -70
  • 5
  • -4
  • 0
  • 0
  • 1
  • 0
  • -0
  • 0
  • 1
  • -0
  • 0
2016
  • 77
  • -71
  • 6
  • -3
  • 0
  • 0
  • 3
  • 0
  • -0
  • 0
  • 3
  • -1
  • 2
2017E
  • 3
  • 7
  • 1
  • 6
  • 8
  • 4
  • 7
  • 6
  • 3
  • 3
  • 3
  • 9
  • 8
Q1E
  • 1
  • 2
  • 8
  • 1
  • 3
  • 1
  • 6
  • 2
  • 4
  • 1
  • 8
  • 10
  • 5
Q2E
  • 6
  • 8
  • 8
  • 4
  • 8
  • 0
  • 8
  • 2
  • 6
  • 6
  • 1
  • 0
  • 6
Q3E
  • 0
  • 1
  • 6
  • 2
  • 9
  • 4
  • 10
  • 3
  • 10
  • 6
  • 3
  • 9
  • 0
Q4E
  • 2
  • 1
  • 3
  • 8
  • 4
  • 4
  • 8
  • 1
  • 5
  • 4
  • 5
  • 10
  • 9
2017E
  • 6
  • 7
  • 1
  • 2
  • 0
  • 2
  • 5
  • 5
  • 4
  • 1
  • 3
  • 2
  • 2
2018E
  • 2
  • 1
  • 2
  • 5
  • 6
  • 1
  • 7
  • 2
  • 5
  • 8
  • 8
  • 5
  • 5
Q1E
  • 4
  • 5
  • 2
  • 7
  • 1
  • 3
  • 10
  • 7
  • 4
  • 6
  • 1
  • 6
  • 9
Q2E
  • 2
  • 7
  • 7
  • 10
  • 7
  • 0
  • 3
  • 7
  • 6
  • 5
  • 4
  • 6
  • 7
Q3E
  • 1
  • 2
  • 10
  • 1
  • 1
  • 5
  • 1
  • 0
  • 1
  • 6
  • 4
  • 5
  • 2
Q4E
  • 2
  • 10
  • 4
  • 8
  • 1
  • 1
  • 5
  • 9
  • 4
  • 8
  • 9
  • 9
  • 3
2018E
  • 8
  • 4
  • 8
  • 2
  • 6
  • 0
  • 4
  • 1
  • 1
  • 4
  • 6
  • 1
  • 6
2019E
  • 2
  • 5
  • 0
  • 1
  • 8
  • 3
  • 9
  • 6
  • 4
  • 3
  • 10
  • 7
  • 3
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
  • 6
  • 19
  • 9
  • 2
  • 37
  • 0
  • 0
  • 0
  • 0
  • 0
  • 5
  • 0
  • 5
  • 5
  • 47
  • 1
  • 20
  • 5
  • 26
  • 0
  • 0
  • 0
  • 26
  • 0
  • 1
  • 21
  • 0
  • 21
  • 47
2015
  • 1
  • 10
  • 10
  • 3
  • 23
  • 0
  • 0
  • 0
  • 0
  • 0
  • 6
  • 0
  • 7
  • 5
  • 35
  • 0
  • 12
  • 3
  • 15
  • 0
  • 0
  • 0
  • 15
  • 0
  • 1
  • 21
  • 0
  • 21
  • 37
2016
  • 19
  • 9
  • 19
  • 3
  • 51
  • 1
  • 0
  • 0
  • 0
  • 0
  • 8
  • 0
  • 9
  • 4
  • 64
  • 0
  • 24
  • 3
  • 27
  • 0
  • 0
  • 0
  • 27
  • 0
  • 0
  • 36
  • 0
  • 36
  • 64
2017E
  • 0
  • 7
  • 1
  • 2
  • 10
  • 6
  • 6
  • 9
  • 9
  • 2
  • 7
  • 10
  • 4
  • 2
  • 0
  • 8
  • 5
  • 2
  • 3
  • 8
  • 1
  • 2
  • 1
  • 3
  • 9
  • 5
  • 0
  • 3
  • 9
2018E
  • 0
  • 4
  • 6
  • 5
  • 10
  • 2
  • 3
  • 5
  • 3
  • 4
  • 0
  • 3
  • 3
  • 4
  • 0
  • 3
  • 9
  • 2
  • 4
  • 0
  • 10
  • 9
  • 6
  • 1
  • 8
  • 5
  • 10
  • 9
  • 4
2019E
  • 3
  • 3
  • 6
  • 2
  • 0
  • 7
  • 10
  • 7
  • 8
  • 6
  • 8
  • 8
  • 2
  • 5
  • 8
  • 8
  • 5
  • 6
  • 2
  • 6
  • 0
  • 9
  • 8
  • 1
  • 6
  • 8
  • 9
  • 4
  • 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
  • 68
  • -65
  • -5
  • -2
  • 0
  • -2
  • 5
  • 3
  • -2
  • -2
  • -1
2015
  • 75
  • -70
  • -4
  • 1
  • -0
  • 1
  • 4
  • 5
  • -2
  • -6
  • -2
2016
  • 77
  • -71
  • -3
  • 3
  • -1
  • 2
  • 3
  • 5
  • 3
  • -6
  • 16
2017E
  • 2
  • 0
  • 9
  • 9
  • 6
  • 2
  • 0
  • 9
  • 10
  • 0
  • 8
2018E
  • 8
  • 1
  • 5
  • 7
  • 5
  • 9
  • 6
  • 6
  • 3
  • 2
  • 2
2019E
  • 9
  • 2
  • 9
  • 3
  • 10
  • 5
  • 1
  • 2
  • 7
  • 4
  • 2
Previous year Next year
More