OM:BERG B

Stock Analysis Report

Executive Summary

Bergman & Beving AB (publ) acquires, develops, and provides brands for the manufacturing and construction sectors.

Snowflake

Fundamentals

Flawless balance sheet, good value and pays a dividend.

Risks

  • Bergman & Beving is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Bergman & Beving's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.7%

OM:BERG B

2.4%

SE Trade Distributors

2.2%

SE Market


1 Year Return

-6.4%

OM:BERG B

12.7%

SE Trade Distributors

-2.1%

SE Market

BERG B underperformed the Trade Distributors industry which returned 11.3% over the past year.

BERG B underperformed the Market in Sweden which returned -2.3% over the past year.


Share holder returns

BERG BIndustryMarket
7 Day2.7%2.4%2.2%
30 Day-2.5%0.2%-3.4%
90 Day-13.4%3.2%0.5%
1 Year-4.0%-6.4%15.0%12.7%2.0%-2.1%
3 Year-9.9%-45.8%87.9%71.6%24.9%6.4%
5 Year5.7%-38.4%201.9%141.5%45.2%14.5%

Price Volatility Vs. Market

How volatile is Bergman & Beving's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bergman & Beving undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Bergman & Beving's share price is below the future cash flow value, and at a moderate discount (> 20%).

Bergman & Beving's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Bergman & Beving is overvalued based on earnings compared to the SE Trade Distributors industry average.

Bergman & Beving is good value based on earnings compared to the Sweden market.


Price Based on Expected Growth

Bergman & Beving is poor value based on expected growth next year.


Price Based on Value of Assets

Bergman & Beving is good value based on assets compared to the SE Trade Distributors industry average.


Next Steps

Future Growth

How is Bergman & Beving expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

12.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bergman & Beving's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).

Bergman & Beving's earnings are expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).

Bergman & Beving's revenue growth is positive but not above the Sweden market average.

Bergman & Beving's earnings growth is expected to exceed the Sweden market average.

Bergman & Beving's earnings growth is expected to exceed the low risk savings rate of 0.4%.


Earnings per Share Growth Estimates


Future Return on Equity

Bergman & Beving is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Bergman & Beving performed over the past 5 years?

-16.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bergman & Beving's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Bergman & Beving's 1-year earnings growth exceeds its 5-year average (1.2% vs -16.4%)

Bergman & Beving's earnings growth has not exceeded the SE Trade Distributors industry average in the past year (1.2% vs 12.5%).


Return on Equity

Bergman & Beving has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bergman & Beving used its assets less efficiently than the SE Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Bergman & Beving's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Bergman & Beving's financial position?


Financial Position Analysis

Bergman & Beving is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Bergman & Beving's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Bergman & Beving's level of debt (31.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (32.1% vs 31.9% today).

Debt is well covered by operating cash flow (37%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 22x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.8x debt.


Next Steps

Dividend

What is Bergman & Beving's current dividend yield, its reliability and sustainability?

3.82%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Bergman & Beving before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Bergman & Beving's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.92%).

Bergman & Beving's dividend is below the markets top 25% of dividend payers in Sweden (4.53%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).


Next Steps

Management

What is the CEO of Bergman & Beving's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Pontus Boman (48yo)

2.2yrs

Tenure

kr5,360,000

Compensation

Mr. Pontus Boman, M.Sc. Eng., has been Chief Executive Officer and President of B&B Tools AB (publ) since June 14, 2017. Mr. Boman served as the Chief Executive Officer and Managing Director of ESSVE Produ ...


CEO Compensation Analysis

Pontus's remuneration is higher than average for companies of similar size in Sweden.

Pontus's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.3yrs

Average Tenure

48yo

Average Age

The tenure for the Bergman & Beving management team is about average.


Board Age and Tenure

5.5yrs

Average Tenure

56.5yo

Average Age

The tenure for the Bergman & Beving board of directors is about average.


Insider Trading

More shares have been bought than sold by Bergman & Beving individual insiders in the past 3 months.


Recent Insider Transactions

Buykr45,50015 Aug 19
Peter Schön
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares500
Max Pricekr91.00
Buykr70,50009 Aug 19
Oscar Fredell
EntityIndividual
Role
Senior Key Executive
Head of Tools & Consumables Division
Shares750
Max Pricekr94.00
Buykr47,50031 Jul 19
Peter Schön
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares500
Max Pricekr95.00
Buykr11,26818 Jul 19
Martin Lundberg
EntityIndividual
Role
Chief Legal Officer
Head of Acquisitions & Chief Legal Officer
Shares120
Max Pricekr93.90
Buykr93,75018 Jul 19
Peter Schön
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares1,000
Max Pricekr93.75
Buykr271,96004 Jun 19
Pontus Boman
EntityIndividual
Role
Chief Executive Officer
CEO & President
Shares2,600
Max Pricekr104.60
Buykr151,20028 May 19
Peter Schön
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares1,400
Max Pricekr108.00
Buykr28,888,89406 Mar 19
Cibenon Group, The
EntityCompany
Shares270,000
Max Pricekr107.00
Buykr4,887,69605 Mar 19
Cibenon Group, The
EntityCompany
Shares48,000
Max Pricekr101.83
Buykr5,788,81801 Mar 19
Cibenon Group, The
EntityCompany
Shares57,000
Max Pricekr101.56
Buykr62,831,55628 Feb 19
Cibenon Group, The
EntityCompany
Shares625,000
Max Pricekr100.54
Buykr26,67028 Nov 18
Peter Schön
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares300
Max Pricekr88.90
Buykr142,00020 Sep 18
Peter Schön
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares20,000
Max Pricekr7.10
Buykr37,91620 Sep 18
Fredrik Börjesson
EntityIndividual
Shares400
Max Pricekr94.79

Ownership Breakdown


Management Team

  • Peter Schön (50yo)

    CFO & Secretary

    • Tenure: 2.3yrs
    • Compensation: kr3.43m
  • Magnus Billfalk

    Group Treasurer

    • Tenure: 5.6yrs
  • Pontus Boman (48yo)

    CEO & President

    • Tenure: 2.2yrs
    • Compensation: kr5.36m
  • Martin Lundberg (40yo)

    Head of Acquisitions & Chief Legal Officer

    • Tenure: 0.0yrs
  • Jens Henriksen (50yo)

    Chief Executive Officer of TOOLS Norway

    • Tenure: 0.0yrs
  • Jimmy Norlinder (48yo)

    Chief Executive Officer of Momentum Industrial

    • Tenure: 0.0yrs
  • Ulf Carlsson (62yo)

    Chief Business Development Officer

    • Tenure: 0.0yrs
  • Fredrik Valentin (45yo)

    Head of Workplace Safety Division

    • Tenure: 0.0yrs
  • Max Lagerstedt (43yo)

    Head of Building Materials Division

    • Tenure: 0.0yrs
  • Oscar Fredell (41yo)

    Head of Tools & Consumables Division

    • Tenure: 0.0yrs

Board Members

  • Roger Bergqvist (71yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: kr275.00k
  • Anders Börjesson (71yo)

    Director

    • Tenure: 29.6yrs
    • Compensation: kr275.00k
  • Johan Sjö (52yo)

    Chairman of the Board

    • Tenure: 1.0yrs
    • Compensation: kr700.00k
  • Lillemor Backstrom (65yo)

    Employee Representative Director

    • Tenure: 13.6yrs
  • Henrik Hedelius (53yo)

    Director

    • Tenure: 4.0yrs
    • Compensation: kr275.00k
  • Anette Swanemar (60yo)

    Employee Representative Director

    • Tenure: 9.6yrs
  • Malin Nordesjö (43yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: kr325.00k
  • Louise Undén (43yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: kr275.00k

Company Information

Bergman & Beving AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bergman & Beving AB (publ)
  • Ticker: BERG B
  • Exchange: OM
  • Founded: 1906
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: kr2.504b
  • Shares outstanding: 27.01m
  • Website: https://www.bergmanbeving.com

Number of Employees


Location

  • Bergman & Beving AB (publ)
  • Box 10024
  • Stockholm
  • Stockholm County
  • 100 55
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BERG BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKJan 1992
0I5OLSE (London Stock Exchange)YesClass B SharesGBSEKJan 1992

Biography

Bergman & Beving AB (publ) acquires, develops, and provides brands for the manufacturing and construction sectors. The company operates through three divisions: Building Materials, Workplace Safety, and To ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 20:42
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.