Atlas Copco AB Series A

Atlas Copco provides industrial productivity products and services. Co.'s operations are divided into four business areas: Compressor Technique (provides compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems), Industrial Technique (provides power tools, assembly systems, quality assurance products, software and service through a global network), Mining and Rock Excavation Technique (provides equipment for drilling and rock excavation), and Construction Technique (provides construction and demolition tools, portable compressors, pumps and generators, lighting towers, and compaction and paving equipment).
  • TickerATCO A
  • ISINSE0011166610
  • ExchangeNasdaq Nordic Stockholm
  • SectorIndustrial Engineering
  • CountrySweden

Analysts

Thanks to a better fundamental star rating, ATLAS COPCO AB sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to ATLAS COPCO AB (SE), active in the Industrial Machinery industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as moderately risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 3, 2019, the closing price was SEK 292.00 and its expected value was estimated at SEK 279.52.

Denise Molina

Morningstar | ATCO A Updated Forecasts and Estimates from 17 Jul 2019

Narrow-moat Atlas Copco's second-quarter results on a reported basis were in line with expectations but boosted by a currency tailwind; while underlying demand and margins showed signs of retrenchment, albeit on a modest level. Revenue grew by 5% and 1%, on a reported and organic basis, respectively. The EBIT margin declined by 60 basis points year over year. While we have tweaked our forecasts for the results, the changes are not material to our SEK 241 fair value estimate. Shares look expensive at 20 times P/E (for the next 12 months) on consensus estimates, above the 18 times average since ...

Denise Molina

Morningstar | Currency Tailwinds Masking Atlas Copco's Modest Weakening in Demand; Shares Look Expensive

Narrow-moat Atlas Copco's second-quarter results on a reported basis were in line with expectations but boosted by a currency tailwind; while underlying demand and margins showed signs of retrenchment, albeit on a modest level. Revenue grew by 5% and 1%, on a reported and organic basis, respectively. The EBIT margin declined by 60 basis points year over year. While we have tweaked our forecasts for the results, the changes are not material to our SEK 241 fair value estimate. Shares look expensive at 20 times P/E (for the next 12 months) on consensus estimates, above the 18 times average since ...

Ibrahim Firdaus

Atlas Copco AB

Ibrahim Firdaus

Atlas Copco AB

Denise Molina

Morningstar | ATCO A Updated Forecasts and Estimates from 17 Jul 2019

Narrow-moat Atlas Copco's second-quarter results on a reported basis were in line with expectations but boosted by a currency tailwind; while underlying demand and margins showed signs of retrenchment, albeit on a modest level. Revenue grew by 5% and 1%, on a reported and organic basis, respectively. The EBIT margin declined by 60 basis points year over year. While we have tweaked our forecasts for the results, the changes are not material to our SEK 241 fair value estimate. Shares look expensive at 20 times P/E (for the next 12 months) on consensus estimates, above the 18 times average since ...

Denise Molina

Morningstar | Currency Tailwinds Masking Atlas Copco's Modest Weakening in Demand; Shares Look Expensive

Narrow-moat Atlas Copco's second-quarter results on a reported basis were in line with expectations but boosted by a currency tailwind; while underlying demand and margins showed signs of retrenchment, albeit on a modest level. Revenue grew by 5% and 1%, on a reported and organic basis, respectively. The EBIT margin declined by 60 basis points year over year. While we have tweaked our forecasts for the results, the changes are not material to our SEK 241 fair value estimate. Shares look expensive at 20 times P/E (for the next 12 months) on consensus estimates, above the 18 times average since ...

Denise Molina

Currency Tailwinds Masking Atlas Copco's Modest Weakening in Demand; Shares Look Expensive

Narrow-moat Atlas Copco's second-quarter results on a reported basis were in line with expectations but boosted by a currency tailwind; while underlying demand and margins showed signs of retrenchment, albeit on a modest level. Revenue grew by 5% and 1%, on a reported and organic basis, respectively. The EBIT margin declined by 60 basis points year over year. While we have tweaked our forecasts for the results, the changes are not material to our SEK 241 fair value estimate. Shares look expensiv...

Denise Molina

Morningstar | Atlas Copco's Well-Oiled Compressor Business Is Solidly Positioned for Long-Term Demand

The core of Atlas Copco's business is its air compression product portfolio, which also serves as a calling card to introduce customers to other products in Atlas Copco's portfolio. Air compressors are used in the majority of industries, from automotive assembly to food processing, and Atlas Copco is the market leader with a market share of about 25% in air compressors, about 2.5 times as large as its closest competitor in air compression, Ingersoll Rand. Atlas Copco uses this near ubiquity to its advantage by acquiring other equipment and tool portfolios that it can sell to its air compressor...

Denise Molina

Atlas Copco's Well-Oiled Compressor Business Is Solidly Positioned for Long-Term Demand

Narrow-moat Altas Copco reported lackluster top-line growth and an EBIT margin contraction in the first quarter, but shares rallied after the results were released. Revenue and EBIT did not confirm the market's worst expectations of slower demand due to a weaker economic environment. We are maintaining our SEK 220 fair value estimate, which includes 2019 revenue and EBIT forecasts just above consensus. Group organic revenue increased just 1%, and the EBIT margin contracted by 120 basis points ye...

Thanks to a better fundamental star rating, ATLAS COPCO AB sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to ATLAS COPCO AB (SE), active in the Industrial Machinery industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as moderately risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 3, 2019, the closing price was SEK 292.00 and its expected value was estimated at SEK 279.52.

Ibrahim Firdaus

Atlas Copco AB

Ibrahim Firdaus

Atlas Copco AB

Ibrahim Firdaus

Atlas Copco AB

Ibrahim Firdaus

Atlas Copco AB

Expert Corporate Governance Service (ECGS)

Atlas Copco - AGM 25 April 2019

In general, Atlas Copco is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 10a, approval is sought for the (re-)election of the board of directors. In light of insufficient independent representation on the board of directors as well as concerns over the aggregate time commitments of no less than 4 directors, ECGS recommends to vote OPPOSE. Under ITEM 10b, the nomination committee proposes to re-appoint Mr. Hans Straberg as the Chairman of the board of directors. ECGS has various concerns over his re-appointment...

Atlas Copco AB – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2. ...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

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