Upcoming Dividend • May 19
Upcoming dividend of kr1.90 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 03 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.2%. Within top quartile of Norwegian dividend payers (7.2%). Higher than average of industry peers (4.1%). Announcement • Feb 13
B2 Impact ASA announces Annual dividend, payable on June 03, 2026 B2 Impact ASA announced Annual dividend of NOK 1.9000 per share payable on June 03, 2026, ex-date on May 26, 2026 and record date on May 27, 2026. Price Target Changed • Feb 06
Price target increased by 18% to kr21.15 Up from kr17.95, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr20.20. Stock is up 88% over the past year. The company is forecast to post earnings per share of kr1.73 for next year compared to kr0.75 last year. Announcement • Dec 19
B2 Impact ASA, Annual General Meeting, May 22, 2026 B2 Impact ASA, Annual General Meeting, May 22, 2026. Recent Insider Transactions • Nov 20
Chief Executive Officer recently bought kr331k worth of stock On the 14th of November, Trond Andreassen bought around 20k shares on-market at roughly kr16.56 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Trond has been a buyer over the last 12 months, purchasing a net total of kr1.0m worth in shares. Major Estimate Revision • Nov 13
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr1.99 to kr1.77 per share. Revenue forecast steady at kr4.11b. Net income forecast to grow 43% next year vs 20% growth forecast for Consumer Finance industry in Norway. Consensus price target up from kr17.95 to kr18.65. Share price was steady at kr17.18 over the past week. Recent Insider Transactions • Nov 11
Head of M&A and Investor Relations recently bought kr168k worth of stock On the 6th of November, Rasmus Hansson bought around 10k shares on-market at roughly kr16.80 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr845k more in shares than they have sold in the last 12 months. Board Change • Oct 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Adele Bugge Pran is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (179% net debt to equity). Dividend is not well covered by earnings (198% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Recent Insider Transactions Derivative • Jun 27
Chief Operating Officer exercised options to buy kr4.6m worth of stock. On the 23rd of June, Adam Parfiniewicz exercised options to buy 325k shares at a strike price of around kr5.74, costing a total of kr1.9m. This transaction amounted to 5,417% of their direct individual holding at the time of the trade. Since December 2024, Adam has owned 6.00k shares directly. Company insiders have collectively bought kr3.9m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Jun 17
Chief Executive Officer recently bought kr382k worth of stock On the 13th of June, Trond Andreassen bought around 30k shares on-market at roughly kr12.73 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Trond has been a buyer over the last 12 months, purchasing a net total of kr677k worth in shares. Board Change • Jun 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Adele Bugge Pran is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • May 22
B2 Impact ASA Announces Board Changes B2 Impact ASA at its AGM held on May 22, 2025, appointed Ole Grøterud (Chair) to the Board of Directors. It also elected the following persons as members of the nomination committee. Jon Harald Nordbrekken, chair, Niklas Wiberg, member, Jorgen Stenshagen, member. Major Estimate Revision • May 22
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from kr3.61b to kr3.84b. EPS estimate increased from kr1.42 to kr1.74 per share. Net income forecast to grow 102% next year vs 30% growth forecast for Consumer Finance industry in Norway. Consensus price target up from kr12.10 to kr13.70. Share price rose 4.5% to kr13.80 over the past week. Upcoming Dividend • May 16
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 23 May 2025. Payment date: 02 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 11%. Within top quartile of Norwegian dividend payers (9.1%). Higher than average of industry peers (3.8%). Recent Insider Transactions • Apr 11
Chief Executive Officer recently bought kr295k worth of stock On the 4th of April, Trond Andreassen bought around 30k shares on-market at roughly kr9.82 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Trond's only on-market trade for the last 12 months. Price Target Changed • Apr 10
Price target increased by 9.3% to kr12.10 Up from kr11.07, the current price target is an average from 2 analysts. New target price is 22% above last closing price of kr9.90. Stock is up 17% over the past year. The company is forecast to post earnings per share of kr1.42 for next year compared to kr0.75 last year. Buy Or Sell Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to kr9.78. The fair value is estimated to be kr12.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Feb 13
B2 Impact ASA Proposes Cash Dividend, Payable or or About 2 June 2025 B2 Impact ASA proposed cash dividend of NOK 1.50 per share. Ex-date is 23 May 2025. Record date is 26 May 2025. Payment date is 2 June 2025 (on or about). Date of approval (AGM) is 22 May 2025. Buy Or Sell Opportunity • Jan 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to kr10.64. The fair value is estimated to be kr8.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. Announcement • Dec 12
B2 Impact ASA, Annual General Meeting, May 22, 2025 B2 Impact ASA, Annual General Meeting, May 22, 2025. Major Estimate Revision • Nov 14
Consensus EPS estimates fall by 19%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr3.71b to kr3.84b. EPS estimate fell from kr1.27 to kr1.03 per share. Net income forecast to grow 42% next year vs 37% growth forecast for Consumer Finance industry in Norway. Consensus price target broadly unchanged at kr11.07. Share price was steady at kr9.49 over the past week. Announcement • Oct 23
B2 Impact ASA Announces Dividend, Payable on 31 October 2024 B2 Impact ASA announced that a dividend of NOK 0.60 per share will be distributed on 31 October 2024 to registered shareholders as of 22 October 2024. The shares in B2 Impact ASA will be quoted ex-dividend on 23 October 2024. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr9.88, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr10.52 per share. Major Estimate Revision • Oct 09
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from kr1.42 to kr1.27 per share. Revenue forecast steady at kr3.71b. Net income forecast to grow 8.1% next year vs 26% growth forecast for Consumer Finance industry in Norway. Consensus price target up from kr10.43 to kr11.00. Share price rose 3.8% to kr8.47 over the past week. Upcoming Dividend • May 17
Upcoming dividend of kr0.70 per share Eligible shareholders must have bought the stock before 24 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of Norwegian dividend payers (7.8%). Higher than average of industry peers (4.4%). Major Estimate Revision • May 02
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from kr1.17 to kr1.30. Revenue forecast steady at kr3.77b. Net income forecast to grow 34% next year vs 18% growth forecast for Consumer Finance industry in Norway. Consensus price target of kr10.37 unchanged from last update. Share price rose 3.1% to kr8.61 over the past week. Declared Dividend • Feb 19
Dividend of kr0.70 announced Shareholders will receive a dividend of kr0.70. Ex-date: 24th May 2024 Payment date: 3rd June 2024 Dividend yield will be 9.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has increased by an average of 25% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (170% net debt to equity). Large one-off items impacting financial results. Announcement • Dec 27
B2 Impact ASA Announces Management Changes An extraordinary general meeting of B2 Impact ASA was held on 27 December 2023 approved Board members Trygve Lauvdal, Kjetil Andreas Garstad and Grethe Wittenberg Meier step down from the Board. Anders Engdahl, Henrik Wennerholm and Ellen Hanetho are elected as new members to the Board until the Annual General Meeting in 2024. After this, the Board consists of the following members: Harald L. Thorstein, Chair of the BoardAdele Bugge Norman Pran, member, Trond Kristian Andreassen, member, Ann Jessica Sparrfeldt, member, Anders Engdahl, member, Henrik Wennerholm, member, Ellen Hanetho, member. The Company's nomination committee shall consist of the following members for the period up to the annual general meeting in 2024: Hans Thrane Nielsen, chair; Kjetil Andreas Garstad, member; Niklas Wiberg, member. The Company's nomination committee shall consist of the following members for the period up to the annual general meeting in 2024: Hans Thrane Nielsen, chair, Kjetil Andreas Garstad, member and Niklas Wiberg, member. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from kr1.17 to kr0.962 per share. Revenue forecast steady at kr4.03b. Net income forecast to grow 20% next year vs 14% growth forecast for Consumer Finance industry in Norway. Consensus price target of kr10.20 unchanged from last update. Share price fell 2.4% to kr6.94 over the past week. Announcement • Jul 12
B2Holding ASA (OB:B2H) agreed to acquire Portfolio of Non-performing Loans from Financiera El Corte Inglés E.F.C., S.A. B2Holding ASA (OB:B2H) agreed to acquire Portfolio of Non-performing Loans from Financiera El Corte Inglés E.F.C., S.A. on July 10, 2023. Financiera El Corte Inglés has placed a portfolio of non-performing loans with a nominal value of close to €70 million for sale. Price Target Changed • Jul 07
Price target decreased by 7.9% to kr10.83 Down from kr11.77, the current price target is an average from 3 analysts. New target price is 57% above last closing price of kr6.91. Stock is down 17% over the past year. The company is forecast to post earnings per share of kr1.03 for next year compared to kr0.82 last year. Recent Insider Transactions • Jun 26
Independent Chair of the Board recently bought kr543k worth of stock On the 21st of June, Harald Thorstein bought around 80k shares on-market at roughly kr6.79 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Harald has been a buyer over the last 12 months, purchasing a net total of kr1.3m worth in shares. Major Estimate Revision • May 23
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from kr3.62b to kr3.82b. EPS estimate fell from kr1.26 to kr1.07 per share. Net income forecast to grow 41% next year vs 9.6% growth forecast for Consumer Finance industry in Norway. Consensus price target down from kr11.77 to kr11.03. Share price rose 2.7% to kr7.55 over the past week. Upcoming Dividend • May 19
Upcoming dividend of kr0.20 per share at 2.7% yield Eligible shareholders must have bought the stock before 26 May 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Norwegian dividend payers (8.2%). Lower than average of industry peers (4.7%). Recent Insider Transactions • Mar 16
Chief Executive Officer recently bought kr373k worth of stock On the 13th of March, Erik Johnsen bought around 50k shares on-market at roughly kr7.45 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Erik's only on-market trade for the last 12 months. Announcement • Feb 15
B2Holding ASA Proposes Cash Dividend Payable on 5 June 2023 B2Holding ASA proposes cash dividend of NOK 0.20 per share at the AGM to be held on May 25, 2023. Ex-date: 25 May 2023. Record d date: 30 May 2023. Payment date: 5 June 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Adele Bugge Pran is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr3.35b to kr3.28b. EPS estimate also fell from kr1.34 per share to kr0.96 per share. Net income forecast to grow 34% next year vs 7.1% growth forecast for Consumer Finance industry in Norway. Consensus price target of kr12.33 unchanged from last update. Share price fell 2.2% to kr8.72 over the past week. Recent Insider Transactions • Aug 24
Insider recently sold kr1.3m worth of stock On the 23rd of August, Endre Solvin-Witzø sold around 150k shares on-market at roughly kr8.97 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr1.8m more than they sold in the last 12 months. Upcoming Dividend • May 18
Upcoming dividend of kr0.42 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 02 June 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Norwegian dividend payers (6.5%). In line with average of industry peers (4.6%). Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Thale Susanne Solberg was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 09
Independent Director recently bought kr332k worth of stock On the 7th of March, Trond Andreassen bought around 40k shares on-market at roughly kr8.30 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr1.2m. Insiders have collectively bought kr2.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 11
Chief Executive Officer recently bought kr1.1m worth of stock On the 10th of February, Erik Johnsen bought around 120k shares on-market at roughly kr9.58 per share. This was the largest purchase by an insider in the last 3 months. This was Erik's only on-market trade for the last 12 months. Executive Departure • May 27
Independent Director has left the company On the 20th of May, Kari Moe's tenure as Independent Director ended after 5.0 years in the role. As of March 2021, Kari personally held only 6.20k shares (kr22k worth at the time). Kari is the only executive to leave the company over the last 12 months. Price Target Changed • May 22
Price target increased to kr11.35 Up from kr10.48, the current price target is an average from 4 analysts. New target price is 14% above last closing price of kr9.94. Stock is up 161% over the past year. Price Target Changed • May 18
Price target increased to kr10.73 Up from kr9.85, the current price target is an average from 4 analysts. New target price is 16% above last closing price of kr9.25. Stock is up 156% over the past year. Price Target Changed • Feb 24
Price target raised to kr10.48 Up from kr9.60, the current price target is an average from 4 analysts. The new target price is 39% above the current share price of kr7.52. As of last close, the stock is up 7.4% over the past year. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 38%, compared to a 43% growth forecast for the Consumer Finance industry in Norway. Is New 90 Day High Low • Feb 11
New 90-day high: kr7.80 The company is up 12% from its price of kr6.95 on 13 November 2020. The Norwegian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr16.14 per share. Is New 90 Day High Low • Jan 14
New 90-day high: kr7.68 The company is up 9.0% from its price of kr7.05 on 16 October 2020. The Norwegian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr14.28 per share. Price Target Changed • Jan 13
Price target raised to kr9.35 Up from kr7.33, the current price target is an average from 3 analysts. The new target price is 27% above the current share price of kr7.35. As of last close, the stock is down 18% over the past year. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 15% share price gain to kr7.60, the stock is trading at a trailing P/E ratio of 11.1x, up from the previous P/E ratio of 9.6x. This compares to an average P/E of 13x in the Consumer Finance industry in Europe. Total return to shareholders over the past three years is a loss of 61%. Is New 90 Day High Low • Dec 16
New 90-day high: kr7.50 The company is up 12% from its price of kr6.70 on 17 September 2020. The Norwegian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr14.03 per share. Recent Insider Transactions • Nov 05
Chief Executive Officer recently bought kr434k worth of stock On the 3rd of November, Erik Johnsen bought around 70k shares on-market at roughly kr6.20 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr760k. Erik has been a buyer over the last 12 months, purchasing a net total of kr1.0m worth in shares. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.6%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Over the next year, revenue is forecast to grow 41%, compared to a 21% growth forecast for the Consumer Finance industry in Norway. Is New 90 Day High Low • Oct 09
New 90-day high: kr7.05 The company is up 69% from its price of kr4.17 on 10 July 2020. The Norwegian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr12.69 per share. Recent Insider Transactions • Sep 30
Board Member recently bought kr243k worth of stock On the 29th of September, Trond Andreassen bought around 40k shares on-market at roughly kr6.07 per share. In the last 3 months, they made an even bigger purchase worth kr760k. Despite this recent purchase, insiders have collectively sold kr5.5m more in shares than they bought in the last 12 months. 