Opus Group
Opus was founded in the early 90's in Gothenburg where their head office is still situated. During the first years the strategy was to provide AB Svensk Bilprovning with equipment for emission testing as the catalytic converters were introduced in the market. Step by step Opus extended its offering and costumer base and grew internationally. The big change, from an equipment supplier to a service provider, came in 2008 when Opus aquired Systech, a US based vehicle testing company. Since then revenues from vehicle testing programs has grown substantially, more than 25 per cent annually during 2008-16, excluding the acquisitions of Envirotest and the Swedish operations. Equipment is today a minor part of their business. Opus currently operates a number of testing programs in North and South America, Sweden and Pakistan. Sweden is an open market, but in reality it is an oligopoly since the barriers of entry are rather high. In North America the authorities give exclusive rights to run testing programs usually for a period of 8-10 years. In both cases revenues are stable and EBITDA-margins around 20 per cent. The company has around 2 000 employees at their facilites in North- and South America, Sweden and Pakistan. The shares are listed on Nasdaq Stockholms Main market.
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Reports
- Research update 2017-11-19 Opus Group: Waiting for New Jersey
- Research update 2017-11-16 Opus Group: I väntan på New Jersey
- Research update 2017-08-21 Opus Group: Burdened by expansion costs
- Research update 2017-08-21 Opus Group: Expansionskostnader tynger
- Research update 2017-05-23 Opus Group: A couple of pieces have fallen into place
- Research update 2017-05-22 Opus Group: Ett par pusselbitar på plats
- Research update 2017-02-17 Opus Group: Significantly raising the bar
- Research update 2017-02-16 Opus Group: Höjer ribban rejält
- Research update 2016-11-23 Opus Group: Good on multiple fronts
- Research update 2016-11-22 Opus Group: Bra drag på flera fronter
Notes
- Research note 2018-01-08 Opus Group: New Jersey tillbaka på noll
- Research note 2017-11-10 Opus Group: Genomgående bättre än väntat
- Research note 2017-11-08 Opus Group: inför rapport
- Research note 2017-08-23 Opus Group: nytt megakontrakt i USA
- Research note 2017-08-18 Opus Group: kostnadsökningar tyngde marginalerna
- Research note 2017-08-16 Opus Group: inför rapport
- Research note 2017-07-17 Opus Group: klart med nytt kontrakt i Pakistan
- Research note 2017-06-15 Opus Group: Ohio förlänger kontraktet
- Research note 2017-05-15 Opus Group: expansion i Pakistan
- Research note 2017-05-12 Opus Group: lite bättre än väntat
| Today | |||
|---|---|---|---|
Day High 6.68 | 6.59 | Day Low 6.56 | |
Day Open 6.50 | Prev Close 6.65 | ||
VWAP 6.6 | Volume 282K | Turnover 1.868M | Top Broker AVA |
VWAP 6.5 | Avg Volume 548K | Avg Turnover 3.543M | Top Brokers AVA/DDB |
VWAP 6.4 | Avg Volume 570K | Avg Turnover 3.674M | Top Brokers AVA/NON |
VWAP 6.4 | Avg Volume 613K | Avg Turnover 3.895M | Top Brokers AVA/NON |
| 52 week summary | |||
|---|---|---|---|
Price Range 5.9 8.8 | Beta N/A | ||
Market Cap 1,930.6M | Total Return 5.0% | Trailing P/E 22.5 | Div Yield 1.8% |
Shares Outstanding 290.3M | Next Earnings Date 16 Feb | Stock Exchange NASDAQ Stockholm | |
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| Relative Price Strength | |
| Change 3 Months | 3.3% |
| Change 12 Months | -4.6% |
| Volume Trend | |
| Average Volume 10 vs 60 Days | -4.6% |
| Price VS | |
| 52 Week High | -24.7% |
| 50 Day Moving Average | 1.1% |
| 200 Day moving Average | -0.4% |
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| Prev Close | 0 | Change | 0 |
| High | 0 | Avg Daily Volume | 0 |
| Low | 0 | Avg Daily Turnover | 0 |
- Management
- Lothar Geilen, CEO
- Linus Brandt, CFO
- Helene Carlson, IR
- Executive board
- Katarina Bonde, Chairman of the board
| Major Owners | Equity | Votes |
| RWC Fonder | 15.2% | 15.2% |
| Kommandoran | 14.6% | 14.6% |
| Lothar Geilen | 6.8% | 6.8% |
| Avanza Pension | 6.6% | 6.6% |
| Andra AP-fonden | 6.4% | 6.4% |
| Dimensional Fund Advisors | 2.7% | 2.7% |
| Nordnet Pensionsförsäkring | 1.4% | 1.4% |
| Schroders | 1.3% | 1.3% |
| COGEFI Gestion | 1.0% | 1.0% |
| Per Hamberg | 0.9% | 0.9% |
- 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
- (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
- (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
- (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
- 2014
- 25.8%
- 11.4%
- 20.8%
- 16.8%
- 10.1%
- 9.7%
- 0.56
- 0.56
- 0.09
- 255.0
- 3,010.7
- 16.5
- 16.6
- 1.6
- 2.1
- 12.2
- 20.3
- 3.6
- 27.4%
- 31.4%
- 682
- 1,320
- 0.6
- 2014
- 382
- 100
- 108
- 93
- 684
- 688
- 0
- 8
- 624
- 254
- 35
- 0
- 1,608
- 35
- 2,327
- 193
- 48
- 326
- 567
- 871
- 0
- 0
- 1,438
- 159
- 92
- 639
- 0
- 639
- 2,327
- 2014
- 1,467
- -1,220
- -98
- 149
- -35
- 114
- 98
- 212
- -42
- -697
- -480
- 2014 Q4
- 1,467
- -1,220
- 246
- -98
- -40
- 0
- 149
- 0
- 37
- 0
- 185
- -43
- 142
- 2015
- 8.7%
- 6.4%
- 6.8%
- 16.6%
- 6.6%
- 4.0%
- 0.23
- 0.23
- 0.10
- 288.7
- 2,436.0
- 26.2
- 26.9
- 1.0
- 1.5
- 8.9
- 22.4
- 1.9
- 33.9%
- 35.7%
- 704
- 1,595
- 0.6
- 2015
- 256
- 97
- 81
- 165
- 599
- 739
- 0
- 14
- 791
- 427
- 33
- 0
- 2,003
- 29
- 2,631
- 264
- 39
- 392
- 695
- 696
- 0
- 0
- 1,391
- 234
- 115
- 891
- 0
- 891
- 2,631
- 2015
- 1,652
- -1,377
- -166
- 109
- -19
- 90
- 166
- 256
- 16
- -561
- 14
- 2015 Q1
- 0
- 39
- 39
- -39
- -17
- 0
- 0
- 0
- 41
- 0
- 41
- -11
- 30
- 2015 Q2
- 0
- 40
- 40
- -40
- -17
- 0
- 0
- 0
- -54
- 0
- -54
- -3
- -57
- 2015 Q3
- 0
- 40
- 40
- -40
- -17
- 0
- 0
- 0
- 1
- 0
- 1
- -9
- -8
- 2015 Q4
- 1,652
- -1,495
- 156
- -48
- -24
- 0
- 109
- 0
- -16
- 0
- 93
- 9
- 101
- 2016
- 8.9%
- 7.5%
- 5.5%
- 19.6%
- 8.8%
- 5.0%
- 0.30
- 0.30
- 0.12
- 288.7
- 2,583.9
- 22.0
- 22.6
- 1.1
- 1.5
- 7.8
- 17.3
- 1.8
- 34.7%
- 38.9%
- 685
- 1,727
- 0.6
- 2016
- 507
- 100
- 85
- 224
- 917
- 815
- 0
- 23
- 791
- 381
- 49
- 0
- 2,058
- 32
- 3,007
- 204
- 42
- 350
- 597
- 988
- 0
- 0
- 1,585
- 280
- 100
- 1,029
- 13
- 1,042
- 3,007
- 2016
- 1,698
- -1,366
- -183
- 149
- -62
- 87
- 183
- 271
- -105
- -239
- -44
- 2016 Q1
- 0
- 44
- 44
- -44
- -18
- 0
- 0
- 0
- -21
- 0
- -21
- 5
- -16
- 2016 Q2
- 0
- 44
- 44
- -44
- -18
- 0
- 0
- 0
- 4
- 0
- 4
- -27
- -23
- 2016 Q3
- 0
- 45
- 45
- -45
- -18
- 0
- 0
- 0
- -6
- 0
- -6
- -23
- -30
- 2016 Q4
- 1,698
- -1,498
- 199
- -50
- -21
- 0
- 149
- 0
- 19
- 0
- 168
- -15
- 153
- 2017 E
- 2017 E
- 2017 E
- 2017 E
- 2018 E
- 2018 E
- 2018 E
- 2018 E
- 2019 E
- 2019 E
- 2019 E
- 2019 E
Estimated Values is behind membership
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Our membership is about gaining access to unique research and knowledge through our analysts and a network of peers. Be the first to get information about news and research in the Nordic life science and technology sectors and use our tools and education to reach your personal and professional goals in investing.
Sign up Login- 2016
- Opus Group Interim Report Q4 2016, published: 2017-02-17
- Opus Group Interim Report Q3 2016, published: 2016-12-28
- Opus Group Interim Report Q2 2016, published: 2016-12-28
- Opus Group Interim Report Q1 2016, published: 2016-06-09
Presentations, research interviews and videos from our events listed here.
When selecting comparable companies, we try to group companies that are in the same or similar sector or subsector. But, more important, have growth, margins and risk characteristics similar to the company being valued.
External News
- News article OPUS: LÄGRE CHANS I NEW JERSEY, MEN ÄRENDET INTE ÖVER - IR
- News article OPUS: KONTRAKTSTILLDELNING I NEW JERSEY UPPHÄVS
- Press release Uppdatering angående Opus notice of contract award från New Jersey
- Press release Opus bildar ny division för att adressera ökad fordonskomplexitet
- Press release Opus har erhållit en kontraktsförlängning från New York Taxi & Limousine Commission
- News article OPUS: FÖRLÄNGT KONTRAKT MED TAXI I NEW YORK
- Press release Opus har erhållit en kontraktsförlängning från New York Taxi & Limousine Commission
- News article BÖRSVECKAN: KÖP HK SCAN OCH OPUS MEN AVSTÅ MACKMYRA
- News article OPUS: REMIUM HÖJER RIKTKURSEN TILL 9:50 KR (8:60)
- Press release Redeye: Opus Group i väntan på New Jersey
Community Posts
- Dags att ta plats i OPUS tills rapport?
- Opus-aktien fullvärderad
- OPUS GROUP UPPDATERING
- Opus-aktien fullvärderad
- Opus - pe 15 är för låg värdering.
- OPUS - Milda Mathilda
- Opus: En fantastisk affär!
- Reflektioner från aktieträff med Opus Group i Kungsbacka
- Opus - upphandling i Indien pågår
- OPUS Vinner Virginia