The Clas Ohlson share

Clas Ohlson’s series B share has been listed on Nasdaq Stockholm since 1999. The share is included in the Consumer Services sector index.

The share reported a 13 per cent increase during the financial year. Clas Ohlson’s total market capitalization amounted to 10.6 billion SEK (9.4) calculated on the most recent share price of 162 SEK paid for the share on 30 April 2016.

Share data

Listing: Nasdaq Stockholm Mid Cap
Ticker: Clas B
Industry: Consumer Services
ISIN code: SE0000584948

Share trend

The Clas Ohlson share increased by 13 per cent to 162.00 SEK (143.00) compared with the year-earlier period, while the SIX General Index declined by 11 per cent. The total return for the share, including re-invested dividends, was 17 per cent.

The highest price paid was 167.00 SEK, recorded in April 2016, while the lowest price paid was 123.50 SEK, recorded in October 2015.

Share turnover

During the financial year, 18,149,233 Clas Ohlson shares were traded, representing a turnover rate of 28 per cent.

Share capital

The share capital of Clas Ohlson at the end of the financial year totalled 82 MSEK, comprising 5,760,000 series A shares and 59,840,000 series B shares, each with a quotient value of 1.25. Each series A share carries ten votes, while each series B share carries one vote. All shares carry equal rights to payment of dividends. Holders of series A shares can request that their A shares be converted to series B shares.

Treasury shares

The number of registered shares amounted to 65,600,000, of which 2,223,580 shares (2,383,939) were held by the company at the end of the financial year. At the end of the period, the number of shares outstanding, net after buy-back, was 63,376,420 (63,216,061).

To safeguard the company’s commitment regarding conditional matching shares and employee stock options in connection with LTI 2015, Clas Ohlson bought back 310,000 shares during the first quarter 2015/16 for a total of 48 MSEK at an average price of approximately 155 SEK per share.

Shareholding structure

On 30 April 2016, the company had a total of 27,106 shareholders (27,993). Non-Swedish owners accounted for 35 per cent (33) of the capital and 35 per cent (34) of the votes.

The Swedish ownership is dominated by private individuals and companies, owning 40 per cent (40) of the capital, while institutions own 27 per cent (28).

Trend in share capital
Year Transaction Additional shares Accumulated no. of shares Total share capital
1994     48,000 4,800,000
1999 Split 10:1 432,000 480,000 4,800,000
1999 Bonus issue 6,720,000 7,200,000 72,000,000
1999 New issue 1,000,000 8,200,000 82,000,000
2001 Split 4:1 24,600,000 32,800,000 82,000,000
2004 Split 2:1 32,800,000 65,600,000 82,000,000

Source Euroclear

Data per share2
  15/161
14/15 13/14  12/13 11/12 10/11
Average number of shares before dilution, million 63.2 63.1 63.1 63.3 63.6 63.8
Earnings per share before dilution, SEK 6.00 7.27 6.42  5,23 6.29 5.71
Comprehensive income per share, SEK  5.07 7.41 6.41 6.78 6.75 4.79
Cash flow per share, SEK 3 11.15 10.25 10.91 8,17 15.16 5.49
Equity per share, SEK 33.75 33.92 31.12  29,02 28.98 26.01
Share price at 30 April, SEK 162 143 143  87 99 98
Dividend per share, SEK 5.75 5.25 4.75  4,25* 4.25 3.75
P/E - ratio, multiple 27 20 22  17 16 17
Dividend yield, % 3.5 3.7 3.3  4,9 4.3 3.8
Payout ratio, % 96 72 74  81 68 66
Total return, % 17 3 69 -8 5 -21

1 Including a non-recurring cost of 107 MSEK
2 See key ratio definitions.
3 From the operating activities.