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1. Company Snapshot

1.a. Company Description

FM Mattsson Mora Group AB (publ) engages in the development, manufacture, and sale of water taps and related products for bathrooms and kitchens.The company offers its products under the FM Mattsson, Mora Armatur, Damixa, Hotbath, Aqualla, and Adamsez brands.It serves private housing, manufacturing, and public sectors, as well as real estate companies.


It has operations in Sweden, Norway, Denmark, Finland, Benelux, the United Kingdom, Germany, and Italy.The company was formerly known as Ostnor AB and changed its name to FM Mattsson Mora Group AB (publ) in 2015.FM Mattsson Mora Group AB (publ) was founded in 1865 and is based in Mora, Sweden.

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1.b. Last Insights on FMM

FM Mattsson Mora Group AB's recent performance was bolstered by a favorable macroeconomic environment, with the pan-European STOXX Europe 600 Index showing resilience amidst trade tensions and cautious central bank policies. The company's dividend-paying status provides stability and income potential to investors, making it an attractive option in uncertain market conditions. Additionally, the company's recent focus on cost optimization and operational efficiency is expected to drive long-term profitability.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.50%)

6. Segments

Water Taps and Thermostatic Mixers and Complementary Goods

Expected Growth: 2.5%

FM Mattsson Mora Group AB's 2.5% growth in Water Taps and Thermostatic Mixers is driven by increasing demand for water-saving solutions, rising popularity of smart homes, and growing construction activities in the Nordic region. Additionally, the company's focus on innovative products and strategic partnerships contribute to its growth.

Other

Expected Growth: 1.5%

FM Mattsson Mora Group AB's 1.5% growth is driven by increasing demand for water and heating solutions, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on innovation, energy-efficient products, and strong relationships with customers contribute to its growth. Furthermore, the company's solid financial position and efficient operations also support its growth momentum.

Services

Expected Growth: 4.0%

FM Mattsson Mora Group AB's 4.0% growth is driven by increasing demand for water and heating solutions, expansion into new markets, and strategic acquisitions. The company's focus on innovation, energy-efficient products, and strong customer relationships also contribute to its growth. Additionally, the rising need for sustainable and eco-friendly solutions in the building industry supports the company's growth momentum.

7. Detailed Products

Taps and Mixers

FM Mattsson Mora Group offers a wide range of taps and mixers for bathrooms and kitchens, designed for functionality, durability, and style.

Shower Systems

The company provides a variety of shower systems, including thermostatic, pressure-balancing, and manual valves, as well as shower heads and hand showers.

Sanitary Fittings

FM Mattsson Mora Group offers a range of sanitary fittings, including toilet seats, bidets, and urinals, designed for comfort, hygiene, and water efficiency.

Water-Saving Solutions

The company provides water-saving solutions, including low-flow taps, showerheads, and toilets, designed to reduce water consumption and minimize environmental impact.

Accessibility Solutions

FM Mattsson Mora Group offers a range of accessibility solutions, including grab bars, shower seats, and toilet seats, designed to promote independence and safety for people with disabilities.

8. FM Mattsson Mora Group AB (publ)'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for FM Mattsson Mora Group AB (publ) is moderate, as there are some alternative products available in the market, but they are not highly attractive to customers.

Bargaining Power Of Customers

The bargaining power of customers is low, as FM Mattsson Mora Group AB (publ) has a strong brand presence and customers are loyal to the brand.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as FM Mattsson Mora Group AB (publ) has a diverse supplier base, but some suppliers have a higher bargaining power due to their size and importance.

Threat Of New Entrants

The threat of new entrants is low, as FM Mattsson Mora Group AB (publ) has a strong market presence and it would be difficult for new entrants to compete with the company's brand and distribution network.

Intensity Of Rivalry

The intensity of rivalry is high, as the industry is highly competitive and there are many players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 9.10%
Debt Cost 7.94%
Equity Weight 90.90%
Equity Cost 7.94%
WACC 7.94%
Leverage 10.01%

11. Quality Control: FM Mattsson Mora Group AB (publ) passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
James Halstead

A-Score: 5.4/10

Value: 4.8

Growth: 3.4

Quality: 8.2

Yield: 8.1

Momentum: 1.0

Volatility: 6.7

1-Year Total Return ->

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Stock-Card
Franchi Umberto Marmi

A-Score: 5.1/10

Value: 7.9

Growth: 2.1

Quality: 5.5

Yield: 6.2

Momentum: 0.5

Volatility: 8.3

1-Year Total Return ->

View Full Report
Stock-Card
FM Mattsson Mora

A-Score: 5.1/10

Value: 4.6

Growth: 4.7

Quality: 5.8

Yield: 8.1

Momentum: 6.0

Volatility: 1.3

1-Year Total Return ->

View Full Report
Stock-Card
Zehnder

A-Score: 4.6/10

Value: 3.3

Growth: 2.7

Quality: 5.6

Yield: 3.8

Momentum: 7.5

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
Systemair

A-Score: 4.5/10

Value: 4.0

Growth: 6.6

Quality: 5.7

Yield: 2.5

Momentum: 3.5

Volatility: 5.0

1-Year Total Return ->

View Full Report
Stock-Card
Forbo

A-Score: 4.4/10

Value: 6.2

Growth: 2.7

Quality: 6.1

Yield: 5.0

Momentum: 1.5

Volatility: 4.7

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

69.8$

Current Price

69.8$

Potential

-0.00%

Expected Cash-Flows