company background image
BULT

Bulten OM:BULTEN Stock Report

Last Price

kr64.00

Market Cap

kr1.3b

7D

1.9%

1Y

-37.4%

Updated

30 Jun, 2022

Data

Company Financials +
BULTEN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends2/6

BULTEN Stock Overview

Bulten AB (publ), together with its subsidiaries, designs, develops, manufactures, and distributes automotive components for light vehicles, heavy commercial vehicles, and tier 1 suppliers.

Bulten Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bulten
Historical stock prices
Current Share Pricekr64.00
52 Week Highkr108.60
52 Week Lowkr57.40
Beta1.29
1 Month Change-0.31%
3 Month Change-2.44%
1 Year Change-37.38%
3 Year Change-6.02%
5 Year Change-46.67%
Change since IPO30.61%

Recent News & Updates

Jun 03
At kr67.40, Is Bulten AB (publ) (STO:BULTEN) Worth Looking At Closely?

At kr67.40, Is Bulten AB (publ) (STO:BULTEN) Worth Looking At Closely?

While Bulten AB (publ) ( STO:BULTEN ) might not be the most widely known stock at the moment, it saw a decent share...

Shareholder Returns

BULTENSE Auto ComponentsSE Market
7D1.9%-1.5%-0.5%
1Y-37.4%-34.0%-24.2%

Return vs Industry: BULTEN underperformed the Swedish Auto Components industry which returned -31.4% over the past year.

Return vs Market: BULTEN underperformed the Swedish Market which returned -22.4% over the past year.

Price Volatility

Is BULTEN's price volatile compared to industry and market?
BULTEN volatility
BULTEN Average Weekly Movement6.6%
Auto Components Industry Average Movement5.8%
Market Average Movement7.5%
10% most volatile stocks in SE Market12.2%
10% least volatile stocks in SE Market4.7%

Stable Share Price: BULTEN is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BULTEN's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18731,825Anders Nyströmhttps://www.bulten.com

Bulten AB (publ), together with its subsidiaries, designs, develops, manufactures, and distributes automotive components for light vehicles, heavy commercial vehicles, and tier 1 suppliers. It offers customer-specific standard, specialist, and customized fasteners. The company also provides technical development, line-feeding, logistics, material, and production expertise services.

Bulten Fundamentals Summary

How do Bulten's earnings and revenue compare to its market cap?
BULTEN fundamental statistics
Market Capkr1.34b
Earnings (TTM)kr35.00m
Revenue (TTM)kr3.66b

38.4x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BULTEN income statement (TTM)
Revenuekr3.66b
Cost of Revenuekr2.97b
Gross Profitkr689.00m
Other Expenseskr654.00m
Earningskr35.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 13, 2022

Earnings per share (EPS)1.67
Gross Margin18.82%
Net Profit Margin0.96%
Debt/Equity Ratio28.1%

How did BULTEN perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

135%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BULTEN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA9.1x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does BULTEN's PE Ratio compare to its peers?

BULTEN PE Ratio vs Peers
The above table shows the PE ratio for BULTEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.4x
DOM Dometic Group
11.1x11.9%kr19.2b
KABE B KABE Group AB (publ.)
8.3xn/akr1.8b
2025 Ruifeng Power Group
24.7xn/aHK$1.1b
LUMAXTECH Lumax Auto Technologies
17.7x24.7%₹12.3b
BULTEN Bulten
38.4x97.4%kr1.3b

Price-To-Earnings vs Peers: BULTEN is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the peer average (15.4x).


Price to Earnings Ratio vs Industry

How does BULTEN's PE Ratio compare vs other companies in the European Auto Components Industry?

Price-To-Earnings vs Industry: BULTEN is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the European Auto Components industry average (13.5x)


Price to Earnings Ratio vs Fair Ratio

What is BULTEN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BULTEN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.4x
Fair PE Ratio38x

Price-To-Earnings vs Fair Ratio: BULTEN is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the estimated Fair Price-To-Earnings Ratio (38x).


Share Price vs Fair Value

What is the Fair Price of BULTEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BULTEN (SEK64) is trading below our estimate of fair value (SEK269.65)

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


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is Bulten forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


97.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BULTEN's forecast earnings growth (97.4% per year) is above the savings rate (0.4%).

Earnings vs Market: BULTEN's earnings (97.4% per year) are forecast to grow faster than the Swedish market (9.6% per year).

High Growth Earnings: BULTEN's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BULTEN's revenue (14.2% per year) is forecast to grow faster than the Swedish market (5.5% per year).

High Growth Revenue: BULTEN's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BULTEN's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Bulten performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BULTEN has high quality earnings.

Growing Profit Margin: BULTEN's current net profit margins (1%) are lower than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: BULTEN's earnings have declined by 14.9% per year over the past 5 years.

Accelerating Growth: BULTEN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BULTEN had negative earnings growth (-68.2%) over the past year, making it difficult to compare to the Auto Components industry average (38%).


Return on Equity

High ROE: BULTEN's Return on Equity (2.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Bulten's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BULTEN's short term assets (SEK2.0B) exceed its short term liabilities (SEK1.3B).

Long Term Liabilities: BULTEN's short term assets (SEK2.0B) exceed its long term liabilities (SEK506.0M).


Debt to Equity History and Analysis

Debt Level: BULTEN's net debt to equity ratio (18.2%) is considered satisfactory.

Reducing Debt: BULTEN's debt to equity ratio has increased from 1.3% to 28.1% over the past 5 years.

Debt Coverage: BULTEN's debt is not well covered by operating cash flow (10.6%).

Interest Coverage: BULTEN's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BULTEN's dividend (3.52%) is higher than the bottom 25% of dividend payers in the Swedish market (1.65%).

High Dividend: BULTEN's dividend (3.52%) is low compared to the top 25% of dividend payers in the Swedish market (5.33%).


Stability and Growth of Payments

Stable Dividend: BULTEN's dividend payments have been volatile in the past 10 years.

Growing Dividend: BULTEN's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (134.9%), BULTEN's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: BULTEN is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Anders Nyström (56 yo)

3.25yrs

Tenure

kr6,700,000

Compensation

Mr. Anders Nyström serves as the Chief Executive Officer and President at Bulten AB (publ) since February 08, 2019. Mr. Nyström has been Vice President of Commercial at IAC Group since 2018. He served as P...


CEO Compensation Analysis

Compensation vs Market: Anders's total compensation ($USD653.84K) is above average for companies of similar size in the Swedish market ($USD227.07K).

Compensation vs Earnings: Anders's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: BULTEN's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: BULTEN's board of directors are not considered experienced ( 2.2 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: BULTEN 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

Bulten AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Bulten AB (publ)
  • Ticker: BULTEN
  • Exchange: OM
  • Founded: 1873
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: kr1.343b
  • Shares outstanding: 20.99m
  • Website: https://www.bulten.com

Number of Employees


Location

  • Bulten AB (publ)
  • August Barks gata 6A
  • Gothenburg
  • Västra Götaland County
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.