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B2H

B2HoldingOB:B2H Stock Report

Market Cap

kr4.1b

7D

2.2%

1Y

71.8%

Updated

24 Sep, 2021

Data

Company Financials +
B2H fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance5/6
Financial Health3/6
Dividends0/6

B2H Overview

B2Holding ASA provides debt solutions for banks and institutional vendors.

B2Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for B2Holding
Historical stock prices
Current Share Pricekr10.17
52 Week Highkr5.69
52 Week Lowkr11.32
Beta1.89
1 Month Change1.70%
3 Month Change0.20%
1 Year Change71.79%
3 Year Change-37.22%
5 Year Change-25.77%
Change since IPO39.32%

Recent News & Updates

Mar 18
What Kind Of Investors Own Most Of B2Holding ASA (OB:B2H)?

What Kind Of Investors Own Most Of B2Holding ASA (OB:B2H)?

Every investor in B2Holding ASA ( OB:B2H ) should be aware of the most powerful shareholder groups. Insiders often own...

Shareholder Returns

B2HNO Consumer FinanceNO Market
7D2.2%-1.2%0.5%
1Y71.8%24.3%25.9%

Return vs Industry: B2H exceeded the Norwegian Consumer Finance industry which returned 24.3% over the past year.

Return vs Market: B2H exceeded the Norwegian Market which returned 25.9% over the past year.

Price Volatility

Is B2H's price volatile compared to industry and market?
B2H volatility
B2H Beta1.89
Industry Beta1.26
Market Beta1

Stable Share Price: B2H is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: B2H's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20082,102Erik Johnsenhttps://www.b2holding.no

B2Holding ASA provides debt solutions for banks and institutional vendors. The company’s portfolio of business consists of purchase, management, and collection of unsecured and secured non-performing loans. Its services include debt purchase and collection, credit information, third party debt collection, and consumer lending, as well as telemarketing and fraud prevention services.

B2Holding Fundamentals Summary

How do B2Holding's earnings and revenue compare to its market cap?
B2H fundamental statistics
Market Capkr4.10b
Earnings (TTM)kr542.00m
Revenue (TTM)kr2.44b

7.7x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
B2H income statement (TTM)
Revenuekr2.44b
Cost of Revenuekr575.00m
Gross Profitkr1.86b
Expenseskr1.32b
Earningskr542.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)1.32
Gross Margin76.39%
Net Profit Margin22.26%
Debt/Equity Ratio206.2%

How did B2H perform over the long term?

See historical performance and comparison

Valuation

Is B2Holding undervalued compared to its fair value and its price relative to the market?

49.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: B2H (NOK10.17) is trading below our estimate of fair value (NOK20.16)

Significantly Below Fair Value: B2H is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: B2H is good value based on its PE Ratio (7.7x) compared to the European Consumer Finance industry average (14.2x).

PE vs Market: B2H is good value based on its PE Ratio (7.7x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: B2H is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: B2H is good value based on its PB Ratio (0.9x) compared to the XE Consumer Finance industry average (1.4x).


Future Growth

How is B2Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

19.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: B2H's forecast earnings growth (19.1% per year) is above the savings rate (1.2%).

Earnings vs Market: B2H's earnings (19.1% per year) are forecast to grow faster than the Norwegian market (10.3% per year).

High Growth Earnings: B2H's earnings are forecast to grow, but not significantly.

Revenue vs Market: B2H's revenue (13.3% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: B2H's revenue (13.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: B2H's Return on Equity is forecast to be low in 3 years time (12.6%).


Past Performance

How has B2Holding performed over the past 5 years?

2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B2H has high quality earnings.

Growing Profit Margin: B2H's current net profit margins (22.3%) are higher than last year (14.4%).


Past Earnings Growth Analysis

Earnings Trend: B2H's earnings have grown by 2.8% per year over the past 5 years.

Accelerating Growth: B2H's earnings growth over the past year (64.7%) exceeds its 5-year average (2.8% per year).

Earnings vs Industry: B2H earnings growth over the past year (64.7%) exceeded the Consumer Finance industry -14.9%.


Return on Equity

High ROE: B2H's Return on Equity (11.1%) is considered low.


Financial Health

How is B2Holding's financial position?


Financial Position Analysis

Short Term Liabilities: B2H's short term assets (NOK14.1B) exceed its short term liabilities (NOK2.0B).

Long Term Liabilities: B2H's short term assets (NOK14.1B) exceed its long term liabilities (NOK8.9B).


Debt to Equity History and Analysis

Debt Level: B2H's debt to equity ratio (206.2%) is considered high.

Reducing Debt: B2H's debt to equity ratio has increased from 108.1% to 206.2% over the past 5 years.

Debt Coverage: B2H's debt is well covered by operating cash flow (34.6%).

Interest Coverage: Insufficient data to determine if B2H's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is B2Holding current dividend yield, its reliability and sustainability?

6.21%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate B2H's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate B2H'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 B2H's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if B2H's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: B2H is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of B2H's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Erik Johnsen (61 yo)

2.08yrs

Tenure

kr7,269,000

Compensation

Mr. Erik Just Johnsen has been Chief Executive Officer of B2 Holding AS since February 5, 2020 and served as its Chief Financial Officer since January 16, 2017 until November 1, 2020 and served as its Inte...


CEO Compensation Analysis

Compensation vs Market: Erik's total compensation ($USD847.30K) is above average for companies of similar size in the Norwegian market ($USD621.72K).

Compensation vs Earnings: Erik's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: B2H's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: B2H's board of directors are not considered experienced ( 1.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

B2Holding ASA's employee growth, exchange listings and data sources


Key Information

  • Name: B2Holding ASA
  • Ticker: B2H
  • Exchange: OB
  • Founded: 2008
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: kr4.099b
  • Shares outstanding: 409.93m
  • Website: https://www.b2holding.no

Number of Employees


Location

  • B2Holding ASA
  • Stortingsgaten 22
  • 7th Floor
  • Oslo
  • Oslo
  • 161
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 16:20
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.