company background image
BALC

Balco Group OM:BALCO Stock Report

Last Price

kr67.00

Market Cap

kr1.5b

7D

-5.2%

1Y

-34.2%

Updated

26 Jun, 2022

Data

Company Financials +
BALCO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends2/6

BALCO Stock Overview

Balco Group AB engages in developing, manufacturing, selling, and installing balcony systems for tenant-owner associations, private landlords, and public housing and construction companies.

Balco Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Balco Group
Historical stock prices
Current Share Pricekr67.00
52 Week Highkr155.80
52 Week Lowkr67.00
Beta0.66
1 Month Change-26.37%
3 Month Change-38.53%
1 Year Change-34.19%
3 Year Change-3.46%
5 Year Changen/a
Change since IPO2.29%

Recent News & Updates

Shareholder Returns

BALCOSE BuildingSE Market
7D-5.2%-0.9%-1.3%
1Y-34.2%-21.0%-23.6%

Return vs Industry: BALCO underperformed the Swedish Building industry which returned -21% over the past year.

Return vs Market: BALCO underperformed the Swedish Market which returned -23.6% over the past year.

Price Volatility

Is BALCO's price volatile compared to industry and market?
BALCO volatility
BALCO Average Weekly Movement7.6%
Building Industry Average Movement6.3%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.2%
10% least volatile stocks in SE Market4.7%

Stable Share Price: BALCO is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BALCO's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987484Kenneth Lundahlhttps://www.balcogroup.se

Balco Group AB engages in developing, manufacturing, selling, and installing balcony systems for tenant-owner associations, private landlords, and public housing and construction companies. The company operates in two segments, Renovation and New Build. It offers glazed, open, city, maritime, and prefabricated balconies, as well as provides facade solutions; and accessories and other products comprising privacy screens, side and intermediate screens, glass corners, balcony doors, sun protection, roller blinds, flower boxes, flag brackets, solar panels, and locks.

Balco Group Fundamentals Summary

How do Balco Group's earnings and revenue compare to its market cap?
BALCO fundamental statistics
Market Capkr1.47b
Earnings (TTM)kr93.14m
Revenue (TTM)kr1.16b

15.8x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BALCO income statement (TTM)
Revenuekr1.16b
Cost of Revenuekr851.71m
Gross Profitkr306.77m
Other Expenseskr213.63m
Earningskr93.14m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 14, 2022

Earnings per share (EPS)4.25
Gross Margin26.48%
Net Profit Margin8.04%
Debt/Equity Ratio17.2%

How did BALCO perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

47%

Payout Ratio

Does BALCO pay a reliable dividends?

See BALCO dividend history and benchmarks
When do you need to buy BALCO by to receive an upcoming dividend?
Balco Group dividend dates
Ex Dividend DateNov 24 2022
Dividend Pay DateNov 30 2022
Days until Ex dividend151 days
Days until Dividend pay date157 days

Does BALCO pay a reliable dividends?

See BALCO dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 BALCO?

Other financial metrics that can be useful for relative valuation.

BALCO 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/Revenue1.4x
Enterprise Value/EBITDA11.7x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

BALCO PE Ratio vs Peers
The above table shows the PE ratio for BALCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.4x

Price-To-Earnings vs Peers: BALCO is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (17.4x).


Price to Earnings Ratio vs Industry

How does BALCO's PE Ratio compare vs other companies in the Building Industry?

Price-To-Earnings vs Industry: BALCO is good value based on its Price-To-Earnings Ratio (15.8x) compared to the Swedish Building industry average (16.5x)


Price to Earnings Ratio vs Fair Ratio

What is BALCO'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.

BALCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio22.8x

Price-To-Earnings vs Fair Ratio: BALCO is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.8x).


Share Price vs Fair Value

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

Below Fair Value: BALCO (SEK67) is trading above our estimate of fair value (SEK46.58)

Significantly Below Fair Value: BALCO is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: BALCO is good value based on its PEG Ratio (0.6x)


Discover undervalued companies

Future Growth

How is Balco Group 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


26.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BALCO's forecast earnings growth (26.7% per year) is above the savings rate (0.3%).

Earnings vs Market: BALCO's earnings (26.7% per year) are forecast to grow faster than the Swedish market (9.8% per year).

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

Revenue vs Market: BALCO's revenue (15.8% per year) is forecast to grow faster than the Swedish market (5.6% per year).

High Growth Revenue: BALCO's revenue (15.8% 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 BALCO's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Balco Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


19.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BALCO has high quality earnings.

Growing Profit Margin: BALCO's current net profit margins (8%) are higher than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: BALCO's earnings have grown by 19.1% per year over the past 5 years.

Accelerating Growth: BALCO's earnings growth over the past year (35.5%) exceeds its 5-year average (19.1% per year).

Earnings vs Industry: BALCO earnings growth over the past year (35.5%) exceeded the Building industry 34.7%.


Return on Equity

High ROE: BALCO's Return on Equity (13.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Balco Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BALCO's short term assets (SEK473.8M) exceed its short term liabilities (SEK307.1M).

Long Term Liabilities: BALCO's short term assets (SEK473.8M) exceed its long term liabilities (SEK252.7M).


Debt to Equity History and Analysis

Debt Level: BALCO's net debt to equity ratio (14.2%) is considered satisfactory.

Reducing Debt: BALCO's debt to equity ratio has reduced from 234% to 17.2% over the past 5 years.

Debt Coverage: BALCO's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: BALCO's interest payments on its debt are well covered by EBIT (27.1x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Balco Group 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


2.99%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 26 2022Ex Dividend DateNov 24 2022Dividend Pay DateNov 30 20226 days from Ex DividendBuy in the next 151 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BALCO's dividend (2.99%) is higher than the bottom 25% of dividend payers in the Swedish market (1.67%).

High Dividend: BALCO's dividend (2.99%) is low compared to the top 25% of dividend payers in the Swedish market (5.41%).


Stability and Growth of Payments

Stable Dividend: BALCO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BALCO's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47%), BALCO's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (1154.3%), BALCO's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.8yrs

Average management tenure


CEO

Kenneth Lundahl (54 yo)

9.42yrs

Tenure

kr6,231,000

Compensation

Mr. Kenneth Lundahl serves as President and Chief Executive Officer at Slutplattan Solmo 110090 Ab (formerly known as Balco AB). Mr. Lundahl has been Chief Executive Officer of Balco Group AB (publ) since...


CEO Compensation Analysis

Compensation vs Market: Kenneth's total compensation ($USD615.32K) is above average for companies of similar size in the Swedish market ($USD233.45K).

Compensation vs Earnings: Kenneth's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BALCO's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: BALCO's board of directors are considered experienced (3.6 years average tenure).


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

Balco Group AB's employee growth, exchange listings and data sources


Key Information

  • Name: Balco Group AB
  • Ticker: BALCO
  • Exchange: OM
  • Founded: 1987
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: kr1.468b
  • Shares outstanding: 21.91m
  • Website: https://www.balcogroup.se

Number of Employees


Location

  • Balco Group AB
  • Älgvägen 4
  • Växjö
  • Kronoberg County
  • 352 45
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/23 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.