B2Holding ASA provides debt solutions for banks and institutional vendors. More Details
Very undervalued with solid track record.
Share Price & News
How has B2Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: B2H's share price has been volatile over the past 3 months.
7 Day Return
NO Consumer Finance
1 Year Return
NO Consumer Finance
Return vs Industry: B2H underperformed the Norwegian Consumer Finance industry which returned -24.2% over the past year.
Return vs Market: B2H underperformed the Norwegian Market which returned -13.3% over the past year.
Price Volatility Vs. Market
How volatile is B2Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StReflecting on B2Holding's (OB:B2H) Share Price Returns Over The Last Three Years
1 month ago | Simply Wall StDo Institutions Own B2Holding ASA (OB:B2H) Shares?
2 months ago | Simply Wall StMarket Sees Little To Confide In B2Holding ASA (OB:B2H) Yet
Is B2Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: B2H (NOK6.2) is trading below our estimate of fair value (NOK12.74)
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 (7.8x) compared to the XE Consumer Finance industry average (10.1x).
PE vs Market: B2H is good value based on its PE Ratio (7.8x) compared to the Norwegian market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: B2H is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: B2H is good value based on its PB Ratio (0.5x) compared to the XE Consumer Finance industry average (0.8x).
How is B2Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: B2H's forecast earnings growth (28.5% per year) is above the savings rate (1.6%).
Earnings vs Market: B2H's earnings (28.5% per year) are forecast to grow slower than the Norwegian market (30.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: B2H's revenue (8.6% per year) is forecast to grow faster than the Norwegian market (4.6% per year).
High Growth Revenue: B2H's revenue (8.6% 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 (9.3%).
How has B2Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: B2H has high quality earnings.
Growing Profit Margin: B2H's current net profit margins (14.2%) are higher than last year (7.7%).
Past Earnings Growth Analysis
Earnings Trend: B2H's earnings have grown by 5% per year over the past 5 years.
Accelerating Growth: B2H's earnings growth over the past year (117.2%) exceeds its 5-year average (5% per year).
Earnings vs Industry: B2H earnings growth over the past year (117.2%) exceeded the Consumer Finance industry -1.9%.
Return on Equity
High ROE: B2H's Return on Equity (7.1%) is considered low.
How is B2Holding's financial position?
Financial Position Analysis
Short Term Liabilities: B2H's short term assets (NOK16.4B) exceed its short term liabilities (NOK1.4B).
Long Term Liabilities: B2H's short term assets (NOK16.4B) exceed its long term liabilities (NOK12.1B).
Debt to Equity History and Analysis
Debt Level: B2H's debt to equity ratio (269.6%) is considered high.
Reducing Debt: B2H's debt to equity ratio has increased from 127.5% to 269.6% over the past 5 years.
Debt Coverage: B2H's debt is well covered by operating cash flow (22.1%).
Interest Coverage: Insufficient data to determine if B2H's interest payments on its debt are well covered by EBIT.
What is B2Holding current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Erik Johnsen (60 yo)
Mr. Erik Just Johnsen has been Chief Executive Officer of B2 Holding AS since February 5, 2020 and serves as its Chief Financial Officer since January 16, 2017 and served as its Interim Chief Executive Off ...
CEO Compensation Analysis
Compensation vs Market: Erik's total compensation ($USD424.40K) is about average for companies of similar size in the Norwegian market ($USD439.53K).
Compensation vs Earnings: Erik's compensation has been consistent with company performance over the past year.
|CEO & CFO||1.17yrs||kr4.04m||0.49% |
|Chief Investment Officer||1yr||kr1.00m||no data|
|Head of M&A and Investor Relations||no data||kr2.85m||no data|
|Chief Legal & Compliance Officer||1.08yrs||kr2.39m||no data|
|Head of Corporate Development||0.75yr||kr3.01m||0.024% |
|Head of Personnel||0.75yr||kr2.95m||0.029% |
|Chief Risk Officer||1yr||kr3.24m||no data|
|Head of Unsecured Asset Management||1yr||kr2.75m||no data|
|Head of Secured Asset Management||1yr||kr3.75m||no data|
|Chief Executive of Creditreform Latvija - Latvia||no data||no data||no data|
|Chief Group Controller||no data||no data||no data|
|Financial Controller||4.17yrs||no data||no data|
Experienced Management: B2H's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|Independent Director||2.42yrs||kr340.00k||0.022% |
|Board Member||0.42yr||kr88.00k||no data|
|Independent Director||4.42yrs||kr315.00k||0.0015% |
|Chair of the Board||0.42yr||no data||0.030% |
|Representative Director||2.42yrs||kr315.00k||no data|
|Board Member||0.42yr||kr300.00k||0.0061% |
|Board Member||0.42yr||no data||0.040% |
Experienced Board: B2H's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: B2H insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
B2Holding ASA's company bio, employee growth, exchange listings and data sources
- Name: B2Holding ASA
- Ticker: B2H
- Exchange: OB
- Founded: 2011
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: kr2.591b
- Shares outstanding: 409.93m
- Website: https://www.b2holding.no
Number of Employees
- B2Holding ASA
- Stortingsgaten 22
- 7th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|B2H||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Dec 2014|
|0RIT||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Dec 2014|
|B2HO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Dec 2014|
|B28||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2014|
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/30 20:38|
|End of Day Share Price||2020/10/30 00:00|
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.