Bang & Olufsen A/S

CPSE:BO Stock Report

Market Cap: DKK 1.1b

Bang & Olufsen Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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 (DKK9.45) is trading below our estimate of fair value (DKK27.06)

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

Key Valuation Metric

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

Key metric: As BO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BO. This is calculated by dividing BO's market cap by their current revenue.
What is BO's PS Ratio?
PS Ratio0.5x
SalesDKK 2.51b
Market CapDKK 1.14b

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.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.7x
DANT Dantax
4.5xn/aDKK 119.4m
GN GN Store Nord
1.1x5.1%DKK 19.7b
HUSCO HusCompagniet
0.6x21.4%DKK 1.2b
TCM TCM Group
0.5x5.4%DKK 651.5m
BO Bang & Olufsen
0.5x8.7%DKK 1.1b

Price-To-Sales vs Peers: BO is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.7x).

Price to Sales Ratio vs Industry

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

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
BO 0.5xIndustry Avg. 0.6xNo. of Companies15PS00.40.81.21.62+
11 CompaniesEstimated GrowthMarket Cap
No more companies

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 (0.6x).

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 Ratio0.8x

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 (0.8x).

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
CurrentDKK 9.45
DKK 12.50
+32.3%
4.0%DKK 13.00DKK 12.00n/a2
Dec ’25DKK 9.77
DKK 12.50
+27.9%
4.0%DKK 13.00DKK 12.00n/a2
Nov ’25DKK 9.03
DKK 12.50
+38.4%
4.0%DKK 13.00DKK 12.00n/a2
Oct ’25DKK 9.29
DKK 12.50
+34.6%
4.0%DKK 13.00DKK 12.00n/a2
Sep ’25DKK 8.65
DKK 12.50
+44.5%
4.0%DKK 13.00DKK 12.00n/a2
Aug ’25DKK 9.29
DKK 12.50
+34.6%
4.0%DKK 13.00DKK 12.00n/a2
Jul ’25DKK 9.33
DKK 11.50
+23.3%
13.0%DKK 13.00DKK 10.00n/a2
Jun ’25DKK 10.40
DKK 11.50
+10.6%
13.0%DKK 13.00DKK 10.00n/a2
May ’25DKK 9.56
DKK 11.50
+20.3%
13.0%DKK 13.00DKK 10.00n/a2
Apr ’25DKK 9.35
DKK 12.25
+31.0%
6.1%DKK 13.00DKK 11.50n/a2
Mar ’25DKK 9.45
DKK 13.25
+40.2%
13.2%DKK 15.00DKK 11.50n/a2
Feb ’25DKK 9.72
DKK 13.25
+36.3%
13.2%DKK 15.00DKK 11.50n/a2
Jan ’25DKK 9.64
DKK 13.50
+40.0%
11.1%DKK 15.00DKK 12.00n/a2
Dec ’24DKK 9.64
DKK 13.50
+40.0%
11.1%DKK 15.00DKK 12.00DKK 9.772
Nov ’24DKK 8.84
DKK 13.50
+52.7%
11.1%DKK 15.00DKK 12.00DKK 9.032
Oct ’24DKK 8.63
DKK 13.50
+56.4%
11.1%DKK 15.00DKK 12.00DKK 9.292
Sep ’24DKK 9.31
DKK 13.50
+45.0%
11.1%DKK 15.00DKK 12.00DKK 8.652
Aug ’24DKK 10.32
DKK 13.50
+30.8%
11.1%DKK 15.00DKK 12.00DKK 9.292
Jul ’24DKK 10.56
DKK 13.50
+27.8%
11.1%DKK 15.00DKK 12.00DKK 9.332
Jun ’24DKK 11.62
DKK 13.50
+16.2%
11.1%DKK 15.00DKK 12.00DKK 10.402
May ’24DKK 9.56
DKK 13.50
+41.2%
11.1%DKK 15.00DKK 12.00DKK 9.562
Apr ’24DKK 9.72
DKK 13.50
+38.9%
11.1%DKK 15.00DKK 12.00DKK 9.352
Mar ’24DKK 12.77
DKK 13.75
+7.7%
9.1%DKK 15.00DKK 12.50DKK 9.452
Feb ’24DKK 12.03
DKK 13.75
+14.3%
9.1%DKK 15.00DKK 12.50DKK 9.722
Jan ’24DKK 8.21
DKK 10.50
+27.9%
4.8%DKK 11.00DKK 10.00DKK 9.642
Dec ’23DKK 10.09
DKK 10.50
+4.1%
4.8%DKK 11.00DKK 10.00DKK 9.642

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 03:08
End of Day Share Price 2024/12/18 00:00
Earnings2024/08/31
Annual Earnings2024/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bang & Olufsen A/S is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Niels Granholm-LethCarnegie Investment Bank AB
Poul JessenDanske Bank
Klaus MadsenHandelsbanken Capital Markets