We’ve recently updated our valuation analysis.

Bang & Olufsen Valuation

Is BO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BO?

Other financial metrics that can be useful for relative valuation.

BO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA53.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BO's PS Ratio compare to its peers?

The above table shows the PS ratio for BO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.6x
DANT Dantax
4.7xn/akr.96.4m
HUSCO HusCompagniet
0.2x-4.6%kr.792.0m
TCM TCM Group
0.6x-8.4%kr.673.7m
GABR Gabriel Holding
0.9xn/akr.937.4m
BO Bang & Olufsen
0.5x8.8%kr.1.4b

Price-To-Sales vs Peers: BO is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.6x).


Price to Earnings Ratio vs Industry

How does BO's PE Ratio compare vs other companies in the European Consumer Durables Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.3%
n/an/an/a

Price-To-Sales vs Industry: BO is good value based on its Price-To-Sales Ratio (0.5x) compared to the European Consumer Durables industry average (0.7x)


Price to Sales Ratio vs Fair Ratio

What is BO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: BO is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).


Share Price vs Fair Value

What is the Fair Price of BO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BO (DKK12.06) is trading below our estimate of fair value (DKK14.41)

Significantly Below Fair Value: BO is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentkr.12.06
kr.13.75
+14.0%
9.1%kr.15.00kr.12.50n/a2
Jan ’24kr.8.21
kr.10.50
+27.9%
4.8%kr.11.00kr.10.00n/a2
Dec ’23kr.10.09
kr.10.50
+4.1%
4.8%kr.11.00kr.10.00n/a2
Nov ’23kr.8.90
kr.10.50
+18.0%
4.8%kr.11.00kr.10.00n/a2
Oct ’23kr.9.12
kr.14.50
+59.1%
31.0%kr.19.00kr.10.00n/a2
Sep ’23kr.12.28
kr.22.00
+79.2%
13.6%kr.25.00kr.19.00n/a2
Aug ’23kr.15.66
kr.22.00
+40.5%
13.6%kr.25.00kr.19.00n/a2
Jul ’23kr.13.80
kr.26.50
+92.0%
5.7%kr.28.00kr.25.00n/a2
Jun ’23kr.16.28
kr.29.00
+78.1%
3.4%kr.30.00kr.28.00n/a2
May ’23kr.16.99
kr.29.00
+70.7%
3.4%kr.30.00kr.28.00n/a2
Apr ’23kr.19.10
kr.30.50
+59.7%
1.6%kr.31.00kr.30.00n/a2
Mar ’23kr.19.18
kr.40.75
+112.5%
5.5%kr.43.00kr.38.50n/a2
Feb ’23kr.22.92
kr.40.75
+77.8%
5.5%kr.43.00kr.38.50n/a2
Jan ’23kr.27.90
kr.43.00
+54.1%
0%kr.43.00kr.43.00kr.8.212
Dec ’22kr.28.74
kr.43.00
+49.6%
0%kr.43.00kr.43.00kr.10.092
Nov ’22kr.31.64
kr.43.00
+35.9%
0%kr.43.00kr.43.00kr.8.902
Oct ’22kr.29.98
kr.43.00
+43.4%
0%kr.43.00kr.43.00kr.9.122
Sep ’22kr.33.28
kr.43.00
+29.2%
0%kr.43.00kr.43.00kr.12.282
Aug ’22kr.34.98
kr.43.00
+22.9%
0%kr.43.00kr.43.00kr.15.662
Jul ’22kr.33.56
kr.43.00
+28.1%
0%kr.43.00kr.43.00kr.13.802
Jun ’22kr.33.04
kr.41.50
+25.6%
1.2%kr.42.00kr.41.00kr.16.282
May ’22kr.32.86
kr.41.50
+26.3%
1.2%kr.42.00kr.41.00kr.16.992
Apr ’22kr.30.22
kr.39.75
+31.5%
0.6%kr.40.00kr.39.50kr.19.102
Mar ’22kr.33.10
kr.39.75
+20.1%
0.6%kr.40.00kr.39.50kr.19.182
Feb ’22kr.31.12
kr.39.75
+27.7%
0.6%kr.40.00kr.39.50kr.22.922
Jan ’22kr.33.56
kr.34.50
+2.8%
13.0%kr.39.00kr.30.00kr.27.902

Analyst Forecast: Target price is less than 20% higher than the current share price.


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