CPSE:BO

Stock Analysis Report

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Executive Summary

Bang & Olufsen a/s designs, develops, and markets audio and video products.


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Bang & Olufsen's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.8%

BO

0.05%

DK Consumer Durables

-1.0%

DK Market


1 Year Return

-71.3%

BO

-5.5%

DK Consumer Durables

22.3%

DK Market

Return vs Industry: BO underperformed the Danish Consumer Durables industry which returned -5.5% over the past year.

Return vs Market: BO underperformed the Danish Market which returned 22.3% over the past year.


Shareholder returns

BOIndustryMarket
7 Day-0.8%0.05%-1.0%
30 Day-5.0%0.4%0.5%
90 Day-39.4%8.9%9.4%
1 Year-35.6%-71.3%-2.0%-5.5%24.7%22.3%
3 Year-74.9%-88.8%-6.6%-18.9%46.8%34.2%
5 Year-40.0%-73.2%22.5%-3.3%51.6%32.5%

Price Volatility Vs. Market

How volatile is Bang & Olufsen's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bang & Olufsen undervalued compared to its fair value and its price relative to the market?

43.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BO (DKK11.96) is trading below our estimate of fair value (DKK21.28)

Significantly Below Fair Value: BO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BO is unprofitable, so we can't compare its PE Ratio to the XE Consumer Durables industry average.

PE vs Market: BO is unprofitable, so we can't compare its PE Ratio to the Danish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BO is good value based on its PB Ratio (0.6x) compared to the XE Consumer Durables industry average (1.3x).


Next Steps

Future Growth

How is Bang & Olufsen forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

103.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

Earnings vs Market: BO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BO's is expected to become profitable in the next 3 years.

Revenue vs Market: BO's revenue (13.4% per year) is forecast to grow faster than the Danish market (6.1% per year).

High Growth Revenue: BO's revenue (13.4% 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 (10.6%).


Next Steps

Past Performance

How has Bang & Olufsen performed over the past 5 years?

23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BO is currently unprofitable.

Growing Profit Margin: BO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BO is unprofitable, but has reduced losses over the past 5 years at a rate of 23.3% per year.

Accelerating Growth: Unable to compare BO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BO is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-7.6%).


Return on Equity

High ROE: BO has a negative Return on Equity (-69.23%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bang & Olufsen's financial position?


Financial Position Analysis

Short Term Liabilities: BO's short term assets (DKK1.1B) exceed its short term liabilities (DKK640.0M).

Long Term Liabilities: BO's short term assets (DKK1.1B) exceed its long term liabilities (DKK304.0M).


Debt to Equity History and Analysis

Debt Level: BO's debt to equity ratio (8.3%) is considered satisfactory.

Reducing Debt: BO's debt to equity ratio has reduced from 21.1% to 8.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if BO has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Bang & Olufsen current dividend yield, its reliability and sustainability?

1.39%

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: BO is not paying a notable dividend for the Danish market.


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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Kristian Teär (57 yo)

0.83

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Kristian Teär
CEO & Member of the Executive Board0.83yrno data0.046%
DKK 669.8k
Nikolaj Wendelboe
Executive VP1.25yrsno data0.011%
DKK 160.2k
Christian Birk
Executive VP and Head of Marketing0.75yrno data0.0081%
DKK 119.6k
Snorre Kjesbu
Executive VP1.42yrsno data0.016%
DKK 239.2k
Line Ljungdahl
Executive VP0.083yrno datano data
Martin Egenhardt
Director of Investor Relationsno datano datano data
Jens Gamborg
Head of Group Communicationsno datano datano data
Jaan Lievand
Chief Executive Officer of OÜ BO-Soft Tallinnno datano datano data
Lars Jørgensen
Senior Director of Research & Engineering4.17yrsno datano data
Claus Jensen
Director of Brand & Market Operationsno datano datano data
Christoffer Poulsen
Vice President of Product Managementno datano datano data

1.0yrs

Average Tenure

45yo

Average Age

Experienced Management: BO's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Anders Friis
Independent Director2yrskr.375.00k0.0064%
DKK 93.3k
Mads Nipper
Independent Director5.92yrskr.375.00k0.0080%
DKK 116.8k
Jesper Jarlbæk
Independent Director9.42yrskr.550.00k0.0053%
DKK 77.8k
Tuula Rytila
Independent Director1yrkr.283.00kno data
Brian Hansen
Employee Representative Director5.58yrskr.300.00k0.0011%
DKK 16.0k
Juha Christensen
Independent Chairman of the Board0.17yrkr.600.00k0.0049%
DKK 71.7k
Soren Balling
Employee Representative Director5.58yrskr.300.00k0.0022%
DKK 32.4k
Joan Pi O
Independent Director1yrkr.296.00kno data
M. Chung
Independent Director1yrkr.296.00kno data
Britt Jepsen
Employee Representative Director1yrkr.233.00k0.00033%
DKK 4.8k
Dorte Vegeberg
Employee Representative Director1yrkr.233.00kno data

1.0yrs

Average Tenure

53yo

Average Age

Experienced Board: BO's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 200.4%.


Top Shareholders

Company Information

Bang & Olufsen a/s's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bang & Olufsen a/s
  • Ticker: BO
  • Exchange: CPSE
  • Founded: 1925
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: kr.1.467b
  • Shares outstanding: 122.68m
  • Website: https://www.bang-olufsen.com

Number of Employees


Location

  • Bang & Olufsen a/s
  • Bang og Olufsen AllE 1
  • Struer
  • Central Denmark Region
  • 7600
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BGOU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
BOCPSE (OMX Nordic Exchange Copenhagen)YesOrdinary SharesDKDKKJan 1992
0MRMLSE (London Stock Exchange)YesOrdinary SharesGBDKKJan 1992
BUOBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
BOCBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBDKKJan 1992

Biography

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; tel ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 21:45
End of Day Share Price2020/08/07 00:00
Earnings2020/05/31
Annual Earnings2020/05/31


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.