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 9 per cent decline during the financial year of 2016/2017. Clas Ohlson’s total market capitalization amounted to 9.6 billion SEK (10.6) calculated on the most recent share price of 147 SEK paid for the share on 30 April 2017.

Share data

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

Share trend

The Clas Ohlson share decreased by 9 per cent to 147.00 SEK (162.00) in 2016/2017, compared with the year-earlier period, while the SIX General Index increased by 21 per cent. The total return for the share, including reinvested dividends, was minus 6 per cent.

The highest price paid during the financial year was 174.00 SEK, recorded in May 2016, while the lowest price paid was 121.25 SEK, recorded in November 2016.

Share turnover

During the financial year 2016/17, 26,109,704 Clas Ohlson shares were traded, representing a turnover rate of 40 per cent.

Share capital

The share capital of Clas Ohlson at the end of the financial year of 2016/2017 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 2,516,562 shares (2,223,580) were held by the company at the end of the financial year of 2016/2017. At the end of the period, the number of shares outstanding, net after buy-back, was 63,083,438 (63,376,420).

To safeguard the company’s commitment regarding conditional matching shares and employee stock options in connection with LTI 2016, Clas Ohlson bought back 530,000 shares during the first quarter 2016/17 for a total of 76 MSEK at an average price of approximately 143 SEK per share.

Shareholding structure

On 30 April 2017, the company had a total of 33,316 shareholders (27,106). Non-Swedish owners accounted for 33 per cent (35) of the capital and 34 per cent (35) of the votes.

The Swedish ownership is dominated by private individuals and companies, owning 41 per cent (40) of the capital, while institutions own 26 per cent (27).

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
  16/17
15/161
14/15 13/14  12/13
Average number of shares before dilution, million  63.1 63.2 63.1 63.1 63.3
Earnings per share before dilution, SEK  7.59 6.00 7.27 6.42  5,23
Comprehensive income per share, SEK   8.30 5.07 7.41 6.41 6.78
Cash flow per share, SEK 3  11.08 11.15 10.25 10.91 8,17
Equity per share, SEK  35.68 33.75 33.92 31.12  29,02
Share price at 30 April, SEK  147 162 143 143  87
Dividend per share, SEK  6.254 5.75 5.25 4.75  4,25*
P/E - ratio, multiple  19 27 20 22  17
Dividend yield, % 4.3  3.5 3.7 3.3  4,9
Payout ratio, %  82 96 72 74  81
Total return, %  -6 17 3 69 -8

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

4 Proposed dividend