BHG Group AB (publ)

LSE:0SOM Stock Report

Market Cap: SEK 3.2b

BHG Group Valuation

Is 0SOM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 0SOM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0SOM (SEK18.03) is trading below our estimate of fair value (SEK27.28)

Significantly Below Fair Value: 0SOM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0SOM?

Key metric: As 0SOM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0SOM. This is calculated by dividing 0SOM's market cap by their current revenue.
What is 0SOM's PS Ratio?
PS Ratio0.3x
SalesSEK 9.91b
Market CapSEK 3.17b

Price to Sales Ratio vs Peers

How does 0SOM's PS Ratio compare to its peers?

The above table shows the PS ratio for 0SOM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
WIX Wickes Group
0.2x3.7%UK£355.8m
VIC Victorian Plumbing Group
1.3x9.8%UK£374.6m
TPT Topps Tiles
0.3x8.4%UK£77.9m
MRK Marks Electrical Group
0.5x8.0%UK£53.9m
0SOM BHG Group
0.3x5.5%SEK 3.2b

Price-To-Sales vs Peers: 0SOM is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does 0SOM's PS Ratio compare vs other companies in the GB Specialty Retail Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
VTU Vertu Motors
0.04x5.8%US$253.06m
WRKS TheWorks.co.uk
0.05xn/aUS$16.26m
CFYN Caffyns
0.04xn/aUS$14.70m
MMAG musicMagpie
0.07xn/aUS$11.07m
0SOM 0.3xIndustry Avg. 0.3xNo. of Companies7PS00.40.81.21.62+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0SOM is expensive based on its Price-To-Sales Ratio (0.3x) compared to the UK Specialty Retail industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is 0SOM'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.

0SOM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: 0SOM is expensive based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 0SOM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 18.03
SEK 20.50
+13.7%
7.3%SEK 22.00SEK 19.00n/a2
Nov ’25SEK 18.18
SEK 20.50
+12.8%
7.3%SEK 22.00SEK 19.00n/a2
Oct ’25SEK 15.13
SEK 19.00
+25.6%
15.8%SEK 22.00SEK 16.00n/a2
Sep ’25SEK 15.81
SEK 19.00
+20.2%
15.8%SEK 22.00SEK 16.00n/a2
Aug ’25SEK 15.16
SEK 19.00
+25.3%
15.8%SEK 22.00SEK 16.00n/a2
Jul ’25SEK 17.09
SEK 18.50
+8.3%
18.9%SEK 22.00SEK 15.00n/a2
Jun ’25SEK 18.16
SEK 17.00
-6.4%
11.8%SEK 19.00SEK 15.00n/a2
May ’25SEK 14.02
SEK 17.00
+21.2%
11.8%SEK 19.00SEK 15.00n/a2
Apr ’25SEK 18.35
SEK 18.00
-1.9%
5.6%SEK 19.00SEK 17.00n/a2
Feb ’25SEK 17.15
SEK 16.00
-6.7%
6.3%SEK 17.00SEK 15.00n/a2
Jan ’25SEK 14.30
SEK 12.50
-12.6%
12.0%SEK 14.00SEK 11.00n/a2
Dec ’24SEK 11.84
SEK 12.50
+5.6%
12.0%SEK 14.00SEK 11.00n/a2
Nov ’24SEK 9.68
SEK 15.50
+60.1%
29.0%SEK 20.00SEK 11.00SEK 18.182
Oct ’24SEK 13.10
SEK 19.00
+45.0%
5.3%SEK 20.00SEK 18.00SEK 15.132
Sep ’24SEK 15.19
SEK 19.00
+25.1%
5.3%SEK 20.00SEK 18.00SEK 15.812
Aug ’24SEK 19.20
SEK 19.00
-1.0%
5.3%SEK 20.00SEK 18.00SEK 15.162
Jun ’24SEK 12.79
SEK 8.75
-31.6%
14.3%SEK 10.00SEK 7.50SEK 18.162
May ’24SEK 11.38
SEK 8.75
-23.1%
14.3%SEK 10.00SEK 7.50SEK 14.022
Apr ’24SEK 9.57
SEK 8.75
-8.5%
14.3%SEK 10.00SEK 7.50SEK 18.352
Mar ’24SEK 12.79
SEK 23.25
+81.8%
29.0%SEK 30.00SEK 16.50SEK 17.262
Feb ’24SEK 15.15
SEK 23.25
+53.4%
29.0%SEK 30.00SEK 16.50SEK 17.152
Jan ’24SEK 18.81
SEK 21.67
+15.2%
27.3%SEK 30.00SEK 17.00SEK 14.303
Dec ’23SEK 21.58
SEK 21.67
+0.4%
27.3%SEK 30.00SEK 17.00SEK 11.843
Nov ’23SEK 19.68
SEK 21.67
+10.1%
27.3%SEK 30.00SEK 17.00SEK 9.683

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

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