Just for fun, I downloaded all of ASSA ABLOY’s financial data from 2013-2024 to do a “reality check” on what the company has been able to achieve in the long run. It gives some guidelines for the realism of the targets; of course, the past is no guarantee of the future, but it does tell something. I also included the company’s targets so you can compare. Realized growth figures for 2013-2024, annualized:
Revenue +9.9% p.a. - target 10%
Earnings +10.5% p.a.
Share price +9.3% p.a.
Dividend +9.9% p.a.
So, a company growing by approx. +10% by all metrics.
Additionally, let’s look at the operating margin, which has averaged 15.7% with a target of 16-17%. The operating margin has been very stable over the years, with little variation.
So, very “down-to-earth” targets relative to the company’s history.
P.S. Credit must be given for sharing such financial data; all key figures and ratios can be nicely downloaded as an Excel spreadsheet. Since the figures are available, there’s no need to be stingy with them. 