The Peab share

Peab’s B share is listed on the Nasdaq Stockholm, Large Cap. As of December 31, 2019 the total market capital of Peab was SEK 27.8 billion (21.4).

TRADING IN THE PEAB SHARE

As of December 31, 2019 the last day of the year the closing price of the Peab B share was SEK 93.75 (72.40), which was a 29 percent increase during the year. The Swedish Stock Exchange, measured by the Affärsvärlden Index, increased in 2019 by 30 percent. In 2019, the Peab B share was quoted at a maximum of SEK 94.85 (85.85) and a minimum of SEK 71.00 (62.60). About 115 million B shares (147) were traded, which was equivalent to 460,000 B shares per trading day (589,000) and a turnover rate of 44 percent.

TOTAL RETURN

The total return on the Peab share in 2019 amounted to 36.2 percent, to be compared to the SIX Return index of 34.97 percent. In the five-year period January 1, 2015 to December 31, 2019 the annual total return on Peab’s B share amounted to 111 percent, to be compared to the SIX Return Index of 70.97 percent during the same period.

SHARES AND SHARE CAPITAL

The total number of shares at the beginning of 2019 was 296,049,730 divided into 34,319,957 A shares with 10 voting rights per share and 261,729,773 B shares with one voting right per share.

At the end of 2019 the number of A shares was 34,319,957 representing 11.6 percent (11.6) of the capital and 56.7 percent (56.7) of the votes and the number of B shares was 261,729,773 representing 88.4 percent (88.4) of the capital and 43.3 percent (43.3) of the votes. The share capital amounted to SEK 1,583.9 million (1,583.9). Information on share capital development over time is available at www.peab.com.

HOLDINGS OF OWN SHARES

At the beginning of 2019 Peab’s own B shareholding was 1,086,984 which corresponds to 0.4 percent of the total number of shares. No own shares were repurchased or divested in 2019.

DIVIDEND

In February 2020, Peab’s Board proposed an ordinary dividend of SEK 4.20 per share as well as extra distribution of all the shares in Annehem Fastigheter holding Peab’s wholly owned, fully developed commercial properties. As a result of the spread of the coronavirus and its effects on external circumstances and financial markets Peab’s Board decided to withdraw the proposals to the Annual General Meeting. The Board’s ambition is to regularly evaluate dividend capacity and depending on developments be able to make a decision on both the ordinary dividend and the right time to distribute Annehem Fastigheter. For 2018 the dividend amounted to SEK 4.20 per share, which corresponded to 59 percent of profit for the year. Total dividend distributed for 2018 amounted to SEK 1,239 million.

 

 

Price trend of the Peab share

1 January – 31 December 2019

Total return

31 December 2014 – 31 December 2019

List of shareholders on 31 December 2019

A shares B shares Total number of shares Proportion of capital, % Proportion of votes, %
A-aktier B-aktier Totalt antal aktier Andel av kapital, % Andel av röster, %
Ekhaga Utveckling AB Ekhaga Utveckling AB 25,563,264 36,057,059 61,620,323 20.8 48.2
AB Axel Granlund AB Axel Granlund 1,500,000 18,000,000 19,500,000 6.6 5.5
Mats Paulsson Mats Paulsson 3,861,354 7,679,175 11,540,529 3.9 7.7
Peab´s profit share foundation Peabs Vinstandelsstiftelse 11,374,000 11,374,000 3.8 1.9
STATE STREET BANK AND TRUST CO, W9 STATE STREET BANK AND TRUST CO, W9 10,178,443 10,178,443 3.4 1.7
Kamprad family foundation Familjen Kamprads stiftelse 8,600,000 8,600,000 2.9 1.4
Handelsbanken Funds Handelsbanken fonder 8,038,331 8,038,331 2.7 1.3
CBNY-Norges Bank CBNY-Norges Bank 5,572,073 5,572,073 1.9 0.9
Länsförsäkringar Funds Länsförsäkringar fondförvaltning AB 5,440,181 5,440,181 1.8 0.9
SIX SIS AG, W8IMY SIX SIS AG, W8IMY 4,352,566 4,352,566 1.5 0.7
CBNY-DFA-INT SML CAP V CBNY-DFA-INT SML CAP V 3,646,975 3,646,975 1.2 0.6
BNP PARIBAS SEC SERV LUXEMBOURG, W8IMY BNP PARIBAS SEC SERV LUXEMBOURG, W8IMY 3,646,267 3,646,267 1.2 0.6
PENSIONFUND INSURANCE COMPANY PENSIONKASSAN SHB FÖRSÄKRINGSFÖRENING 3,607,000 3,607,000 1.2 0.6
Danica Pension Danica Pension 3,455,410 3,455,410 1.2 0.6
JPM CHASE NA JPM CHASE NA 3,406,228 3,406,228 1.2 0.6
DEUTSCHE BANK AG, W8IMY DEUTSCHE BANK AG, W8IMY 3,101,181 3,101,181 1.0 0.5
BNY MELLON NA BNY MELLON NA 3,008,444 3,008,444 1.0 0.5
AMF Insurance and Funds AMF Försäkringar och Fonder 2,829,022 2,829,022 1.0 0.5
Other shareholders related to the Paulsson family Övriga aktieägare relaterade till familjen Paulsson 891,912 1,952,250 2,844,162 1.0 1.8
Other shareholders Övriga aktieägare 2,503,427 116,698,184 119,201,611 40.3 23.3
Number of outstanding shares Totalt utestående aktier 34,319,957 260,642,789 294,962,746
Peab AB Peab AB 1,086,984 1,086,984 0.4 0.2
Number of registered shares Totalt registrerade aktier 34,319,957 261,729,773 296,049,730 100.0 100.0

Data per share

2019 2018
2019 2018
Earnings, SEK Resultat, kr 7.09 7.12
Equity, SEK Eget kapital, kr 41.58 38.47
Cash flow before financing, SEK Kassaflöde före finansiering, kr -1.87 -3.46
Share price at year-end, SEK Börskurs vid årets slut, kr 93.75 72.40
Share price/equity, % Börskurs/eget kapital, % 225 188
Dividend, SEK 1) Utdelning, kr 1)  – 4.20
Direct return, % 2) Direktavkastning, % 2) – 5.8
P/E-ratio 2) P/E-tal 2) 13 10
1) The Board of Directors’ proposes to the AGM that no dividend be distributed for 2019.
2) Based on closing price at year-end.

Allocation of shareholdings per 2019-12-31

Number of shares Number of shareholders Proportion of capital, % Proportion of votes, %
Antal aktier Antal aktieägare Andel av kapitalet, procent Andel av rösterna, procent
1– 500 1– 500 30,968 1.5 0.7
501– 1,000 501– 1,000 5,766 1.6 0.8
1,001– 5,000 1,001– 5,000 7,129 5.8 2.8
5,001– 10,000 5,001– 10,000 1,245 3.1 1.5
10,001– 15,000 10,001– 15,000 435 1.8 0.9
15,001– 20,000 15,001– 20,000 232 1.4 0.7
20,001– 20,001– 599 84.8 92.6
46,374 100.0 100.0

Shares and votes per share class 2019-12-31

Share class Number Number of votes Proportion of capital, % Proportion of votes, %
Aktieslag Antal Röstetal Andel av kapitalet, % Andel av rösterna, %
A A 34,319,957 10 11.6 56.7
B B 261,729,773 1 88.4 43.3
Total  Totalt 296,049,730 100.0 100.0

Shareholder categories, proportion
of capital per 2019-12-31

Shareholder categories, proportion
of votes per 2019-12-31

Dividend and direct return

* Not recalculated taking IFRS 15 into account. ** The Board of Directors’ proposes to the AGM that no dividend be distributed for 2019.

Key ratios

Earnings and dividend per share

* Not recalculated taking IFRS 15 into account. ** The Board of Directors’ proposes to the AGM that no dividend be distributed for 2019.

Equity per share

* Not recalculated taking IFRS 15 into account.