Bang & Olufsen a/s designs, develops, and markets audio and video products.
Bang & Olufsen Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr.31.66|
|52 Week High||kr.16.38|
|52 Week Low||kr.41.98|
|1 Month Change||-0.88%|
|3 Month Change||-10.11%|
|1 Year Change||75.11%|
|3 Year Change||-76.44%|
|5 Year Change||-57.50%|
|Change since IPO||2.00%|
Recent News & Updates
Statutory Profit Doesn't Reflect How Good Bang & Olufsen's (CPH:BO) Earnings Are
The subdued stock price reaction suggests that Bang & Olufsen a/s' ( CPH:BO ) strong earnings didn't offer any...
Does Bang & Olufsen (CPH:BO) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Are Investors Undervaluing Bang & Olufsen a/s (CPH:BO) By 40%?
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Bang & Olufsen a/s...
|BO||DK Consumer Durables||DK Market|
Return vs Industry: BO exceeded the Danish Consumer Durables industry which returned 27.1% over the past year.
Return vs Market: BO exceeded the Danish Market which returned 33.3% over the past year.
Stable Share Price: BO is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BO's weekly volatility (5%) has been stable over the past year.
About the Company
Bang & Olufsen a/s designs, develops, and markets audio and video products. The company offers portable, multi room, stereo, and architectural speakers; over-ear, on-ear, and other ear and head phones; televisions; and accessories. The company offers its products through approximately 485 Bang & Olufsen monobranded stores; and 3,316 multi-brand stores, as well as through third party retail stores and online.
Bang & Olufsen Fundamentals Summary
|BO fundamental statistics|
Is BO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BO income statement (TTM)|
|Cost of Revenue||kr.1.59b|
Last Reported Earnings
Aug 31, 2021
Next Earnings Date
Jan 12, 2022
|Earnings per share (EPS)||0.22|
|Net Profit Margin||0.95%|
How did BO perform over the long term?See historical performance and comparison
Is Bang & Olufsen undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BO (DKK31.76) is trading below our estimate of fair value (DKK39.27)
Significantly Below Fair Value: BO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BO is poor value based on its PE Ratio (141.9x) compared to the European Consumer Durables industry average (13.5x).
PE vs Market: BO is poor value based on its PE Ratio (141.9x) compared to the Danish market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: BO is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: BO is overvalued based on its PB Ratio (3.4x) compared to the XE Consumer Durables industry average (2x).
How is Bang & Olufsen forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BO's forecast earnings growth (58.6% per year) is above the savings rate (0.1%).
Earnings vs Market: BO's earnings (58.6% per year) are forecast to grow faster than the Danish market (9.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BO's revenue (10.9% per year) is forecast to grow faster than the Danish market (7.3% per year).
High Growth Revenue: BO's revenue (10.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BO's Return on Equity is forecast to be low in 3 years time (14.2%).
How has Bang & Olufsen performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BO has a large one-off loss of DKK28.0M impacting its August 31 2021 financial results.
Growing Profit Margin: BO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BO has become profitable over the past 5 years, growing earnings by -22.8% per year.
Accelerating Growth: BO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (60.8%).
Return on Equity
High ROE: BO's Return on Equity (2.4%) is considered low.
How is Bang & Olufsen's financial position?
Financial Position Analysis
Short Term Liabilities: BO's short term assets (DKK1.7B) exceed its short term liabilities (DKK944.0M).
Long Term Liabilities: BO's short term assets (DKK1.7B) exceed its long term liabilities (DKK245.0M).
Debt to Equity History and Analysis
Debt Level: BO's debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: BO's debt to equity ratio has increased from 11.2% to 11.4% over the past 5 years.
Debt Coverage: BO's debt is well covered by operating cash flow (293.1%).
Interest Coverage: BO's interest payments on its debt are well covered by EBIT (44x coverage).
What is Bang & Olufsen current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BO's dividend in 3 years as they are not forecast to pay a notable one for the Danish market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kristian Teär (58 yo)
Mr. Kristian Teär serves as the Chief Executive Officer and Member of the Executive Board at Bang & Olufsen a/s since October 8, 2019. He was President at Bang & Olufsen a/s from October 8, 2019 to 2020. H...
Experienced Management: BO's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Experienced Board: BO's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bang & Olufsen a/s's employee growth, exchange listings and data sources
- Name: Bang & Olufsen a/s
- Ticker: BO
- Exchange: CPSE
- Founded: 1925
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: kr.3.820b
- Shares outstanding: 120.66m
- Website: https://www.bang-olufsen.com
Number of Employees
- Bang & Olufsen a/s
- Bang og Olufsen AllE 1
- Central Denmark Region
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 21:14|
|End of Day Share Price||2021/10/26 00:00|
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.