The Peab share
Peab’s B share is listed on the Nasdaq Stockholm, Large Cap. At the end of 2022 the total market capital of Peab was SEK 17.5 billion (33.8).
Trading in the Peab share
As of December 30, 2022 the last trading day of the year the closing price of the Peab B share was SEK 59.10 (114.20), which was a 48 percent decrease during the year. The Swedish Stock Exchange, measured by the Affärsvärlden Index, decreased in 2022 by 26 percent. In 2022, the Peab B share was quoted at a maximum of SEK 115.40 (126.30) and a minimum of SEK 50.90 (88.95). During 2022 about 111 million B shares (95) were traded, which was equivalent to 440,000 B shares per trading day (374,000) and a turnover rate of 41 percent (36).
Total return
The total return on the Peab share in 2022 amounted to minus 44.75 percent, to be compared to the SIX Return index of minus 23.33 percent. In the five-year period January 1, 2018 to December 31, 2022 the annual total return1) on Peab’s B share amounted to 3.08 percent, to be compared to the SIX Return Index of 59.42 percent during the same period.
Shares and share capital
The total number of shares at the beginning of 2022 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 2022 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). More information on share capital development over time is available at www.peab.com.
Holdings of own shares
At the beginning of 2022 Peab’s own B shareholding was 1,086,984 which corresponds to 0.4 percent of the total number of shares. During 2022 Peab repurchased 7,511,000 B shares according to the authorization from the Annual General Meeting on May 5, 2022. After the repurchase Peab’s own B shareholding was 8,597,984 which corresponds to 2.9 percent of the total number of shares. The aim of the repurchasing is to improve the company´s capital structure.
Dividend
For 2022 a dividend of SEK 4.00 per share (5.00) is proposed. Excluding the 8,597,984 shares held by Peab AB per December 31, 2022 which do not entitle to a dividend, the proposed dividend entails a total dividend amount of SEK 1,150 million (1,475). Calculated as a share of recognized Group profit after tax according to segment reporting the proposed dividend amounts to 56 percent (59).
1) Distribution of Annehem Fastigheter for 2019 corresponded to SEK 7 per share. This distribution is included in the total return.
Price trend of the Peab share
1 January – 31 December 2022
Total return 1)
31 December 2017 – 31 December 2022
1) Distribution of Annehem Fastigheter for 2019 corresponded to SEK 7 per share. This distribution is included in the total return.
List of shareholders per 2022-12-31
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 | 36,407,059 | 61,970,323 | 20.9% | 48.3% |
AB Axel Granlund | AB Axel Granlund | 1,500,000 | 18,000,000 | 19,500,000 | 6.6% | 5.5% |
Mats & Fredrik Paulsson with families | Mats & Fredrik Paulsson med familjer | 5,680,429 | 9,955,425 | 15,635,854 | 5.3% | 11.0% |
Peab’s profit share foundation | Peabs Vinstandelsstiftelse | 13,628,300 | 13,628,300 | 4.6% | 2.3% | |
STATE STREET BANK AND TRUST CO, W9 | STATE STREET BANK AND TRUST CO, W9 | 10,512,805 | 10,512,805 | 3.6% | 1.7% | |
Kamprad family foundation | Familjen Kamprads stiftelse | 6,900,000 | 6,900,000 | 2.3% | 1.1% | |
JPM CHASE NA | JPM CHASE NA | 5,710,530 | 5,710,530 | 1.9% | 0.9% | |
CBNY-NORGES BANK | CBNY-NORGES BANK | 5,047,901 | 5,047,901 | 1.7% | 0.8% | |
Handelsbanken Funds | Handelsbanken fonder | 4,886,451 | 4,886,451 | 1.7% | 0.8% | |
SIX SIS AG, W8IMY | SIX SIS AG, W8IMY | 4,812,371 | 4,812,371 | 1.6% | 0.8% | |
AMF Insurance and Funds | AMF Försäkringar och Fonder | 4,102,673 | 4,102,673 | 1.4% | 0.7% | |
Cicero Funds | Cicero Fonder | 3,777,801 | 3,777,801 | 1.3% | 0.6% | |
Mats Paulsson’s foundations | Mats Paulssonstiftelserna | 3,667,500 | 3,667,500 | 1.2% | 0.6% | |
Pension, FUTUR | Pension, FUTUR | 3,355,056 | 3,355,056 | 1.1% | 0.6% | |
Avanza Pension | Avanza Pension | 3,141,554 | 3,141,554 | 1.1% | 0.5% | |
BNP PARIBAS SEC SERVICES PARIS, W8IMY | BNP PARIBAS SEC SERVICES PARIS, W8IMY | 2,842,426 | 2,842,426 | 1.0% | 0.5% | |
Other shareholders | Övriga aktieägare | 1,576,264 | 116,383,937 | 117,960,201 | 39.8% | 21.9% |
Number of outstanding shares | Totalt utestående aktier | 34,319,957 | 253,131,789 | 287,451,746 | ||
Peab AB | Peab AB | 8,597,984 | 8,597,984 | 2.9% | 1.4% | |
Number of registered shares | Totalt registrerade aktier | 34,319,957 | 261,729,773 | 296,049,730 | 100.0% | 100.0% |
Data per share
2022 | 2021 | ||
2022 | 2021 | ||
Segment reporting | Segmentsredovisning | ||
Earnings, SEK | Resultat, kr | 6.98 | 8.50 |
Equity, SEK | Eget kapital, kr | 52.05 | 49.68 |
Cash flow before financing, SEK | Kassaflöde före finansiering, kr | -6.69 | 10.31 |
Reporting according to IFRS | Redovisning enligt IFRS | ||
Earnings, SEK | Resultat, kr | 6.27 | 8.06 |
Equity, SEK | Eget kapital, kr | 47.90 | 46.38 |
Cash flow before financing, SEK | Kassaflöde före finansiering, kr | -10.81 | 3.57 |
Share price at year-end, SEK | Börskurs vid årets slut, kr | 59.10 | 114.20 |
Share price/equity, % | Börskurs/eget kapital, % | 123 | 246 |
Dividend, SEK 1) | Kontant utdelning, kr 1) | 4.00 | 5.00 |
Direct return, % 2) | Direktavkastning, % 2) | 6.8 | 4.4 |
P/E-ratio 2) | P/E-tal 2) | 9 | 11 |
1) The Board of Directors’ proposal to the AGM for 2022.
2) Based on closing price at year-end.
Allocation of shareholdings per 2022-12-31
Number of shares | Number of shareholders | Proportion of capital, % | Proportion of votes, % | |
Antal aktier | Antal aktieägare | Andel av kapitalet, % | Andel av rösterna, % | |
1– 500 | 1– 500 | 45,747 | 2.0 | 1.0 |
501– 1,000 | 501– 1,000 | 7,256 | 2.0 | 0.9 |
1,001– 5,000 | 1,001– 5,000 | 8,458 | 6.7 | 3.3 |
5,001– 10,000 | 5,001– 10,000 | 1,388 | 3.4 | 1.7 |
10,001– 15,000 | 10,001– 15,000 | 432 | 1.8 | 0.9 |
15,001– 20,000 | 15,001– 20,000 | 266 | 1.6 | 0.8 |
20,001– | 20,001– | 592 | 82.5 | 91.4 |
64,139 | 100.0 | 100.0 |
Shares and votes per share class 2022-12-31
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 |
Proportion of capital per 2022-12-31
2022 | |
Financial companies and funds, 12% | 12 |
Other Swedish legal entities, 38% | 38 |
Interest organizations, 4% | 4 |
Foreign shareholders, 18% | 18 |
Swedish private persons, 28% | 28 |
Proportion of votes per 2022-12-31
2022 | |
Financial companies and funds, 6% | 6 |
Other Swedish legal entities, 61% | 61 |
Interest organizations, 2% | 2 |
Foreign shareholders, 10% | 10 |
Swedish private persons, 21% | 21 |
Dividend and direct return
Dividend per share | |Direct return per share, % | |
2018 | 4.20 | 5.8 |
2019* | 7.0 | 7.5 |
2020 | 4.5 | 5.0 |
2021 | 5.0 | 4.4 |
2022** | 4.0 | 6.8 |
Earnings and dividend per share
Segment reporting
Earnings per share | |Dividend per share | |
2018* | 7.12 | 4.20 |
2019** | 7.25 | 7.0 |
2020 | 10.00 | 4.5 |
2021 | 8.50 | 5.0 |
2022*** | 6.98 | 4.0 |
Equity per share
Segment reporting
Equity per share | |
2018* | 38.47 |
2019 | 42.30 |
2020 | 44.92 |
2021 | 49.68 |
2022 | 52.05 |