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Bravida Holding

DB:BV0
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BV0
DB
SEK16B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Bravida Holding AB (publ) provides technical services and installations for buildings and industrial facilities in Sweden, Norway, Denmark, and Finland. The last earnings update was 25 days ago. More info.


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BV0 Share Price and Events
7 Day Returns
-2.4%
DB:BV0
1.2%
DE Commercial Services
1.5%
DE Market
1 Year Returns
30.3%
DB:BV0
-8.8%
DE Commercial Services
-6.2%
DE Market
BV0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bravida Holding (BV0) -2.4% 1% 21.5% 30.3% 23.7% -
DE Commercial Services 1.2% 2.8% 10% -8.8% 2.7% -41.3%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • BV0 outperformed the Commercial Services industry which returned -8.8% over the past year.
  • BV0 outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
BV0
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Bravida Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bravida Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bravida Holding.

DB:BV0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BV0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 22%) (12.83%))
0.87
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.87 * 5.96%)
5.42%

Discounted Cash Flow Calculation for DB:BV0 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bravida Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:BV0 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.42%)
2019 1,007.00 Analyst x3 955.26
2020 1,107.00 Analyst x3 996.17
2021 1,156.67 Analyst x3 987.39
2022 1,193.01 Est @ 3.14% 966.09
2023 1,220.07 Est @ 2.27% 937.24
2024 1,240.27 Est @ 1.66% 903.81
2025 1,255.50 Est @ 1.23% 867.89
2026 1,267.14 Est @ 0.93% 830.94
2027 1,276.24 Est @ 0.72% 793.91
2028 1,283.52 Est @ 0.57% 757.42
Present value of next 10 years cash flows SEK8,996.11
DB:BV0 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK1,283.52 × (1 + 0.23%) ÷ (5.42% – 0.23%)
SEK24,796.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK24,796.22 ÷ (1 + 5.42%)10
SEK14,632.43
DB:BV0 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK8,996.11 + SEK14,632.43
SEK23,628.54
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK23,628.54 / 202.13
SEK116.9
DB:BV0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BV0 represents 0.09333x of OM:BRAV
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09333x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 116.90 x 0.09333
€10.91
Value per share (EUR) From above. €10.91
Current discount Discount to share price of €7.56
= -1 x (€7.56 - €10.91) / €10.91
30.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bravida Holding is available for.
Intrinsic value
31%
Share price is €7.56 vs Future cash flow value of €10.91
Current Discount Checks
For Bravida Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bravida Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bravida Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bravida Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bravida Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BV0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK4.71
OM:BRAV Share Price ** OM (2019-04-23) in SEK SEK81
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.64x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bravida Holding.

DB:BV0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:BRAV Share Price ÷ EPS (both in SEK)

= 81 ÷ 4.71

17.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bravida Holding is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Bravida Holding is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bravida Holding's expected growth come at a high price?
Raw Data
DB:BV0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
5.3%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 1.43x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:BV0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.2x ÷ 5.3%

3.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bravida Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bravida Holding's assets?
Raw Data
DB:BV0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK25.84
OM:BRAV Share Price * OM (2019-04-23) in SEK SEK81
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:BV0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:BRAV Share Price ÷ Book Value per Share (both in SEK)

= 81 ÷ 25.84

3.13x

* Primary Listing of Bravida Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bravida Holding is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Bravida Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Bravida Holding has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bravida Holding expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bravida Holding expected to grow at an attractive rate?
  • Bravida Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bravida Holding's earnings growth is positive but not above the Germany market average.
  • Bravida Holding's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BV0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BV0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 5.3%
DB:BV0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.3%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BV0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BV0 Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 22,046 1,182 1,123 3
2020-12-31 21,255 1,131 1,049 4
2019-12-31 20,642 1,096 1,018 3
DB:BV0 Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 19,305 1,052 951
2018-09-30 18,711 895 898
2018-06-30 18,200 884 860
2018-03-31 17,735 715 835
2017-12-31 17,293 1,038 818
2017-09-30 16,643 802 753
2017-06-30 16,005 889 723
2017-03-31 15,480 796 701
2016-12-31 14,792 428 673
2016-09-30 14,434 708 475
2016-06-30 14,448 564 450
2016-03-31 14,308 565 348

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bravida Holding's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
  • Bravida Holding's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BV0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Bravida Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BV0 Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.55 5.93 5.19 3.00
2020-12-31 5.18 5.64 4.74 4.00
2019-12-31 5.03 5.18 4.91 3.00
DB:BV0 Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 4.71
2018-09-30 4.46
2018-06-30 4.27
2018-03-31 4.14
2017-12-31 4.06
2017-09-30 3.74
2017-06-30 3.59
2017-03-31 3.48
2016-12-31 3.34
2016-09-30 2.36
2016-06-30 2.23
2016-03-31 1.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bravida Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bravida Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bravida Holding has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bravida Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bravida Holding's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bravida Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • Bravida Holding's 1-year earnings growth is less than its 5-year average (16.3% vs 30.4%)
  • Bravida Holding's earnings growth has exceeded the Europe Commercial Services industry average in the past year (16.3% vs 15.7%).
Earnings and Revenue History
Bravida Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bravida Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BV0 Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 19,305.00 951.00 1,596.00
2018-09-30 18,711.00 898.00 1,514.00
2018-06-30 18,200.00 860.00 1,497.00
2018-03-31 17,735.00 835.00 1,514.00
2017-12-31 17,293.00 818.00 1,502.00
2017-09-30 16,643.00 753.00 1,453.00
2017-06-30 16,005.00 723.00 1,398.00
2017-03-31 15,480.00 701.00 1,329.00
2016-12-31 14,792.00 673.00 1,286.00
2016-09-30 14,434.00 475.00 1,282.00
2016-06-30 14,448.00 450.00 1,318.00
2016-03-31 14,308.00 348.00 1,329.00
2015-12-31 14,206.00 287.00 1,342.00
2015-09-30 13,676.00 389.00 1,314.00
2015-06-30 13,145.00 339.00 1,260.00
2015-03-31 12,477.00 359.00 1,189.00
2014-12-31 12,000.00 320.00 1,123.00
2014-09-30 11,724.00 337.00 1,237.00
2014-06-30 11,385.00 299.00 1,319.00
2014-03-31 11,199.00 132.00 1,476.00
2013-12-31 11,080.00 174.00 1,624.00
2013-09-30 11,287.40 -633.20 2,172.50
2013-06-30 11,657.40 -560.20 2,649.00
2013-03-31 11,731.40 -371.20 1,814.00
2012-12-31 11,918.40 -331.20 1,824.00
2012-09-30 11,753.00 538.00 1,242.50
2012-06-30 11,394.00 526.00 1,531.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bravida Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bravida Holding used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Bravida Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bravida Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bravida Holding has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bravida Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bravida Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bravida Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bravida Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bravida Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bravida Holding Company Filings, last reported 3 months ago.

DB:BV0 Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,238.00 2,100.00 735.00
2018-09-30 4,988.00 2,039.00 438.00
2018-06-30 4,804.00 2,015.00 604.00
2018-03-31 4,922.00 1,895.00 660.00
2017-12-31 4,662.00 2,701.00 839.00
2017-09-30 4,286.00 2,053.00 388.00
2017-06-30 4,116.00 3,036.00 360.00
2017-03-31 4,221.00 2,958.00 645.00
2016-12-31 4,078.00 2,703.00 286.00
2016-09-30 3,619.00 3,175.00 220.00
2016-06-30 3,543.00 3,000.00 226.00
2016-03-31 3,641.00 2,874.00 390.00
2015-12-31 3,554.00 3,005.00 575.00
2015-09-30 3,306.00 3,747.00 408.00
2015-06-30 3,151.00 3,781.00 715.00
2015-03-31 3,356.00 3,814.00 991.00
2014-12-31 3,306.00 3,447.00 828.00
2014-09-30 3,347.00 3,643.00 423.00
2014-06-30 3,291.00 3,626.00 623.00
2014-03-31 3,240.00 3,608.00 613.00
2013-12-31 3,701.00 3,312.00 838.00
2013-09-30
2013-06-30
2013-03-31 3,379.00 2,864.00 97.43
2012-12-31 3,379.00 2,864.00 97.43
2012-09-30 1,654.00 0.00 53.00
2012-06-30 2,225.00 0.00 77.00
  • Bravida Holding's level of debt (40.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (89.7% vs 40.1% today).
  • Debt is well covered by operating cash flow (50.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 41.6x coverage).
X
Financial health checks
We assess Bravida Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bravida Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bravida Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.47%
Current annual income from Bravida Holding dividends. Estimated to be 3.12% next year.
If you bought €2,000 of Bravida Holding shares you are expected to receive €49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bravida Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Bravida Holding's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase Bravida Holding before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BV0 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BV0 Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.88 3.00
2020-12-31 2.43 4.00
2019-12-31 2.30 3.00
DB:BV0 Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-26 2.000 2.435
2018-02-16 1.550 2.311
2017-04-07 1.250 2.123
2016-04-04 1.000 1.792
2015-10-16 1.374 2.652

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bravida Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Bravida Holding only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Bravida Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Bravida Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bravida Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bravida Holding has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bravida Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mattias Johansson
COMPENSATION SEK13,142,000
AGE 45
TENURE AS CEO 4.3 years
CEO Bio

Mr. Mattias Johansson has been the Chief Executive Officer and Group President at Bravida Holding AB (publ) since January 1, 2015 and served as its Acting Head of Division Finland from August 22, 2017 to March 2018. Mr. Johansson has been with Bravida since 1998. He served as the Head of Division Norway at Bravida Holding AB (publ) until January 1, 2015. He has many years of experience within Bravida, including as Branch Manager, Regional Manager and Head of Division South (Sweden) and Division Norway. He holds a MSc in Civil Engineering.

CEO Compensation
  • Mattias's compensation has been consistent with company performance over the past year.
  • Mattias's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Bravida Holding management team in years:

5.3
Average Tenure
52
Average Age
  • The average tenure for the Bravida Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mattias Johansson

TITLE
CEO & Group President
COMPENSATION
SEK13M
AGE
45
TENURE
4.3 yrs

Staffan Påhlsson

TITLE
Senior VP & Director
COMPENSATION
SEK530K
AGE
66
TENURE
8.3 yrs

Peter Hedlin

TITLE
Interim Chief Financial Officer
AGE
62
TENURE
0.2 yrs

Magnus Liljefors

TITLE
Chief Legal Officer
AGE
55
TENURE
9.3 yrs

Ingegerd Engquist

TITLE
Head of Group Human Resources
AGE
50
TENURE
2.9 yrs

Anders Ahlquist

TITLE
Head of South Division - Sweden
AGE
52
TENURE
6.3 yrs

Lars Korduner

TITLE
Chief Purchasing Officer
AGE
52
TENURE
14.3 yrs

Tore Bakke

TITLE
Head of Division Norway
AGE
48
TENURE
4.3 yrs

Magnus Hamerslag

TITLE
Head of Operations Development
AGE
45
TENURE
8.3 yrs

Thommy Lundmark

TITLE
Head of Division North - Sweden
AGE
54
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Bravida Holding board of directors in years:

3.1
Average Tenure
54.5
Average Age
  • The tenure for the Bravida Holding board of directors is about average.
Board of Directors

Fredrik Arp

TITLE
Chairman of the Board
AGE
65
TENURE
1 yrs

Staffan Påhlsson

TITLE
Senior VP & Director
COMPENSATION
SEK530K
AGE
66
TENURE
2.9 yrs

Cecilia Wennborg

TITLE
Independent Director
COMPENSATION
SEK550K
AGE
55
TENURE
2.9 yrs

Jan-Ericson Arvidsson

TITLE
Employee Representative Director
AGE
53
TENURE
4.3 yrs

Anders Mårtensson

TITLE
Employee Representative Director
AGE
53
TENURE
12.3 yrs

Jan Johansson

TITLE
Independent Director
COMPENSATION
SEK550K
AGE
59
TENURE
5.3 yrs

Mikael Norman

TITLE
Independent Director
COMPENSATION
SEK603K
AGE
60
TENURE
2.9 yrs

Geir Gjestad

TITLE
Employee Representative Director
AGE
54
TENURE
3.3 yrs

Örnulf Thorsen

TITLE
Employee Representative Director
AGE
52
TENURE
3.3 yrs

Marie Nygren

TITLE
Director
AGE
53
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • Bravida Holding insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Feb 19 Sell Nils-Johan Andersson Individual 15. Feb 19 15. Feb 19 -22,299 €7.32 €-163,172
09. Nov 18 Sell Nils-Johan Andersson Individual 07. Nov 18 07. Nov 18 -150,000 €6.70 €-1,005,570
26. Jun 18 Buy Ingegerd Engquist Individual 21. Jun 18 21. Jun 18 3,000 €6.91 €20,724
29. May 18 Sell Filip Bjurström Individual 29. May 18 29. May 18 -8,247 €6.67 €-55,025
20. May 18 Sell Tore Bakke Individual 18. May 18 18. May 18 -13,000 €6.65 €-86,458
16. May 18 Sell Magnus Hamerslag Individual 15. May 18 15. May 18 -14,989 €6.51 €-97,516
04. May 18 Sell Anders Ahlquist Individual 03. May 18 03. May 18 -100,000 €6.01 €-601,154
04. May 18 Sell Magnus Liljefors Individual 03. May 18 03. May 18 -10,000 €6.21 €-62,126
X
Management checks
We assess Bravida Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bravida Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bravida Holding AB (publ) provides technical services and installations for buildings and industrial facilities in Sweden, Norway, Denmark, and Finland. The company offers installation services for the new construction and remodeling of technical systems in buildings, plants, and infrastructure; and operation and maintenance services, as well as undertakes minor upgrade works. It provides technical and installation services for electrical, heating, and plumbing systems, as well as heating, ventilation, and air conditioning systems in buildings and commercial facilities; and installs and services security and sprinkler systems, cooling and power facilities, lifts, and services within project management and technical service management. The company primarily serves property owners, professional tenants, and building contractors. Bravida Holding AB (publ) was founded in 1922 and is headquartered in Stockholm, Sweden.

Details
Name: Bravida Holding AB (publ)
BV0
Exchange: DB
Founded: 1922
SEK1,558,507,389
202,127,484
Website: http://www.bravida.se
Address: Bravida Holding AB (publ)
Mikrofonvägen 28,
Stockholm,
Stockholm County, 126 81,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BRAV Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 16. Oct 2015
DB BV0 Ordinary Shares Deutsche Boerse AG DE EUR 16. Oct 2015
LSE 0RBW Ordinary Shares London Stock Exchange GB SEK 16. Oct 2015
Number of employees
Current staff
Staff numbers
11,180
Bravida Holding employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:10
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.