OM:BONG

Stock Analysis Report

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Executive Summary

Bong AB (publ) manufactures and sells specialty packaging and envelope products. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has Bong's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BONG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

BONG

-6.1%

SE Commercial Services

-4.6%

SE Market


1 Year Return

-31.8%

BONG

-12.2%

SE Commercial Services

9.8%

SE Market

Return vs Industry: BONG underperformed the Swedish Commercial Services industry which returned -11.7% over the past year.

Return vs Market: BONG underperformed the Swedish Market which returned 9.5% over the past year.


Shareholder returns

BONGIndustryMarket
7 Day-1.2%-6.1%-4.6%
30 Day1.6%0.9%-1.3%
90 Day-10.4%2.4%2.3%
1 Year-31.8%-31.8%-10.4%-12.2%11.7%9.8%
3 Year-52.1%-52.1%-2.8%-10.6%26.1%12.6%
5 Year-62.3%-62.3%21.2%4.6%52.1%22.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bong undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BONG (SEK0.5) is trading below our estimate of fair value (SEK6.61)

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


Price To Earnings Ratio

PE vs Industry: BONG is unprofitable, so we can't compare its PE Ratio to the SE Commercial Services industry average.

PE vs Market: BONG is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BONG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BONG is good value based on its PB Ratio (0.2x) compared to the SE Commercial Services industry average (1.8x).


Next Steps

Future Growth

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

94.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BONG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: BONG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BONG's is expected to become profitable in the next 3 years.

Revenue vs Market: BONG's revenue is expected to decline over the next 3 years (-1.5% per year).

High Growth Revenue: BONG's revenue is forecast to decline over the next 3 years (-1.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BONG's Return on Equity is forecast to be low in 3 years time (0.5%).


Next Steps

Past Performance

How has Bong performed over the past 5 years?

-37.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BONG is currently unprofitable.

Growing Profit Margin: BONG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BONG is unprofitable, and losses have increased over the past 5 years at a rate of 37.6% per year.

Accelerating Growth: Unable to compare BONG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BONG is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-1.4%).


Return on Equity

High ROE: BONG has a negative Return on Equity (-9.92%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bong's financial position?


Financial Position Analysis

Short Term Liabilities: BONG's short term assets (SEK593.9M) exceed its short term liabilities (SEK447.4M).

Long Term Liabilities: BONG's short term assets (SEK593.9M) exceed its long term liabilities (SEK571.9M).


Debt to Equity History and Analysis

Debt Level: BONG's debt to equity ratio (48.1%) is considered high.

Reducing Debt: BONG's debt to equity ratio has reduced from 267% to 48.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BONG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BONG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.4% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BONG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BONG'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 BONG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BONG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BONG is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BONG's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Kai Steigleder (57 yo)

2.08yrs

Tenure

kr3,039,000

Compensation

Mr. Kai Steigleder has been the Chief Executive Officer at Bong AB (publ) since September 12, 2018. He was a Business Area Manager of Central Europe at Bong AB (publ) since 2014 to September 12, 2018. Mr. ...


CEO Compensation Analysis

Compensation vs Market: Kai's total compensation ($USD349.59K) is above average for companies of similar size in the Swedish market ($USD231.20K).

Compensation vs Earnings: Kai's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Kai Steigleder
Chief Executive Officer2.08yrskr3.04m0.020%
SEK 20.9k
Carsten Grimmer
Chief Financial Officer1.75yrsno datano data
Simon Bennett
Sales & Marketing Directorno datano datano data
Kari Lä Ki
Bong Suomi Managing Directorno datano datano data
Pia Fjellander
Group Financial Manager1.75yrsno datano data
Patrik Haraldsson
Group Business Controllerno datano datano data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Management: BONG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mats Persson
Employee Representative Director0.75yrno datano data
Mikael Ekdahl
Independent Vice Chairman of the Boardno datakr250.00k0.028%
SEK 29.9k
Stefan Lager
Independent Director3.42yrskr100.00kno data
Stéphane Hamelin
Director10.75yrskr150.00kno data
Christian Paulsson
Independent Chairman of the Board4.42yrskr350.00kno data
Eric Joan
Independent Director10.75yrskr150.00kno data
Per Ahlgren
Director0.33yrno datano data
Christer Muth
Employee Representative Director12.75yrsno datano data
Helena Persson
Independent Director5.42yrskr150.00k0.024%
SEK 24.9k

4.9yrs

Average Tenure

58yo

Average Age

Experienced Board: BONG's board of directors are considered experienced (4.9 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Bong AB (publ)
  • Ticker: BONG
  • Exchange: OM
  • Founded: 1737
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: kr105.180m
  • Shares outstanding: 211.21m
  • Website: https://www.bong.com

Number of Employees


Location

  • Bong AB (publ)
  • Uddevagen 3
  • Box 516
  • Kristianstad
  • Skåne County
  • 291 25
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BONGOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKSep 1992
0NZXLSE (London Stock Exchange)YesCommon SharesGBSEKSep 1992
BONGSBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKSep 1992
20LDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1992

Biography

Bong AB (publ) manufactures and sells specialty packaging and envelope products. It provides solutions for distribution and packaging of information, advertising materials, and lightweight goods. The compa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 22:00
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.