This report analyses the financial performance of ICA Gruppen for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
ICA Gruppen announced a net profit of SEK 3,432 mil in 2019, down 1.69% when compared to the last year. Sales increased 3.42% yoy to SEK 119,295 mil, EBITDA rose 3.48% to SEK 10,119 mil and net margin amounted to 2.88%. ICA Gruppen stock appreciated 42.6% in 2019 to SEK 431 per share and the stock traded at 12-month trailing PE of 25.3 and EV/EBITDA of 9.86x at the end of 2019.
The key highlights are:
Sales increased 3.42% yoy to SEK 119,295 mil in 2019. That’s compared to average growth of 4.80% in the last three years and 47.8% when compared to the average annual increase in the last decade.
EBITDA amounted to SEK 10,119 mil and grew 3.48% when compared to last year. EBITDA margin reached 8.48%, up 1.49 pp when compared to 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached 42.2% at the end of the year. When compared to EBITDA, net debt fell to 1.41x.
ICA Gruppen netted SEK 3,432 mil to its shareholders in the last year, down 11.2% when compared to the average seen in the last five years. The company produced a return on capital of 4.75% and return on equity of 10.3% in the last year.
ICA Gruppen stock traded at SEK 431 per share at the end of 2019 implying a market capitalization of USD 9,405 mil and enterprise value of USD 10,931 mil. This puts the stock at the 12-month trailing price to earnings of 25.3x and EV/EBITDA of 9.86x as of the end of 2019. Over the last five years, the stock price has increased by 11.2% a year on average and the firm generated its shareholders an average return on equity of 12.7%.
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