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BONA

Bonava OM:BONAV B Stock Report

Last Price

kr39.60

Market Cap

kr4.3b

7D

6.5%

1Y

-57.3%

Updated

11 Aug, 2022

Data

Company Financials +
BONAV B fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends3/6

BONAV B Stock Overview

Bonava AB (publ) develops and sells residential units in Sweden, Germany, Finland, Denmark, Norway, Estonia, Lithuania, and Latvia.

Bonava Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bonava
Historical stock prices
Current Share Pricekr39.60
52 Week Highkr94.00
52 Week Lowkr29.22
Beta1.39
1 Month Change26.76%
3 Month Change-8.12%
1 Year Change-57.33%
3 Year Change-64.00%
5 Year Change-71.76%
Change since IPO-62.82%

Recent News & Updates

Aug 08
Bonava's (STO:BONAV B) Shareholders Will Receive A Bigger Dividend Than Last Year

Bonava's (STO:BONAV B) Shareholders Will Receive A Bigger Dividend Than Last Year

Bonava AB (publ) ( STO:BONAV B ) will increase its dividend from last year's comparable payment on the 6th of October...

Jul 22
Bonava (STO:BONAV B) Is Increasing Its Dividend To SEK1.75

Bonava (STO:BONAV B) Is Increasing Its Dividend To SEK1.75

Bonava AB (publ) ( STO:BONAV B ) will increase its dividend from last year's comparable payment on the 6th of October...

Shareholder Returns

BONAV BSE Consumer DurablesSE Market
7D6.5%3.4%0.1%
1Y-57.3%-37.2%-22.1%

Return vs Industry: BONAV B underperformed the Swedish Consumer Durables industry which returned -37.7% over the past year.

Return vs Market: BONAV B underperformed the Swedish Market which returned -22.1% over the past year.

Price Volatility

Is BONAV B's price volatile compared to industry and market?
BONAV B volatility
BONAV B Average Weekly Movement7.1%
Consumer Durables Industry Average Movement6.0%
Market Average Movement7.2%
10% most volatile stocks in SE Market12.7%
10% least volatile stocks in SE Market4.6%

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

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

About the Company

FoundedEmployeesCEOWebsite
n/a2,100Peter Wallinhttps://www.bonava.com

Bonava AB (publ) develops and sells residential units in Sweden, Germany, Finland, Denmark, Norway, Estonia, Lithuania, and Latvia. It offers multi-family and single-family houses; and develops homes for consumers and investors, such as pension funds, alongside municipalities, and other stakeholders. As of December 31, 2021, the company had 35,300 building rights.

Bonava Fundamentals Summary

How do Bonava's earnings and revenue compare to its market cap?
BONAV B fundamental statistics
Market Capkr4.28b
Earnings (TTM)kr1.03b
Revenue (TTM)kr16.89b

4.1x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BONAV B income statement (TTM)
Revenuekr16.89b
Cost of Revenuekr14.53b
Gross Profitkr2.36b
Other Expenseskr1.33b
Earningskr1.03b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 27, 2022

Earnings per share (EPS)9.62
Gross Margin13.96%
Net Profit Margin6.11%
Debt/Equity Ratio72.8%

How did BONAV B perform over the long term?

See historical performance and comparison

Dividends

8.8%

Current Dividend Yield

37%

Payout Ratio

Does BONAV B pay a reliable dividends?

See BONAV B dividend history and benchmarks
When do you need to buy BONAV B by to receive an upcoming dividend?
Bonava dividend dates
Ex Dividend DateSep 30 2022
Dividend Pay DateOct 06 2022
Days until Ex dividend48 days
Days until Dividend pay date54 days

Does BONAV B pay a reliable dividends?

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

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BONAV B 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/Revenue0.6x
Enterprise Value/EBITDA6.5x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

How does BONAV B's PE Ratio compare to its peers?

BONAV B PE Ratio vs Peers
The above table shows the PE ratio for BONAV B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.4x
JM JM
7.8x-5.8%kr12.8b
BESQ Besqab
17.7xn/akr1.6b
GHUS B Götenehus Group
10.2xn/akr311.2m
OP Oscar Properties Holding
2x-69.9%kr525.7m
BONAV B Bonava
4.1x-9.8%kr4.3b

Price-To-Earnings vs Peers: BONAV B is good value based on its Price-To-Earnings Ratio (4.1x) compared to the peer average (9.4x).


Price to Earnings Ratio vs Industry

How does BONAV B's PE Ratio compare vs other companies in the European Consumer Durables Industry?

Price-To-Earnings vs Industry: BONAV B is good value based on its Price-To-Earnings Ratio (4.1x) compared to the Swedish Consumer Durables industry average (10.8x)


Price to Earnings Ratio vs Fair Ratio

What is BONAV B'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.

BONAV B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.1x
Fair PE Ratio10.7x

Price-To-Earnings vs Fair Ratio: BONAV B is good value based on its Price-To-Earnings Ratio (4.1x) compared to the estimated Fair Price-To-Earnings Ratio (10.7x).


Share Price vs Fair Value

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

Below Fair Value: BONAV B (SEK39.6) is trading below our estimate of fair value (SEK58.99)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-9.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BONAV B's earnings are forecast to decline over the next 3 years (-9.8% per year).

Earnings vs Market: BONAV B's earnings are forecast to decline over the next 3 years (-9.8% per year).

High Growth Earnings: BONAV B's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BONAV B's revenue is expected to decline over the next 3 years (-4.2% per year).

High Growth Revenue: BONAV B's revenue is forecast to decline over the next 3 years (-4.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BONAV B's Return on Equity is forecast to be low in 3 years time (7.5%).


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Past Performance

How has Bonava performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-13.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BONAV B has high quality earnings.

Growing Profit Margin: BONAV B's current net profit margins (6.1%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: BONAV B's earnings have declined by 13.8% per year over the past 5 years.

Accelerating Growth: BONAV B's earnings growth over the past year (31.8%) exceeds its 5-year average (-13.8% per year).

Earnings vs Industry: BONAV B earnings growth over the past year (31.8%) exceeded the Consumer Durables industry 5.4%.


Return on Equity

High ROE: BONAV B's Return on Equity (11.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Bonava'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: BONAV B's short term assets (SEK25.9B) exceed its short term liabilities (SEK12.1B).

Long Term Liabilities: BONAV B's short term assets (SEK25.9B) exceed its long term liabilities (SEK5.7B).


Debt to Equity History and Analysis

Debt Level: BONAV B's net debt to equity ratio (67.3%) is considered high.

Reducing Debt: BONAV B's debt to equity ratio has reduced from 94.7% to 72.8% over the past 5 years.

Debt Coverage: BONAV B's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BONAV B's interest payments on its debt are well covered by EBIT (13.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.84%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 12 2022Ex Dividend DateSep 30 2022Dividend Pay DateOct 06 20226 days from Ex DividendBuy in the next 48 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BONAV B's dividend (8.84%) is higher than the bottom 25% of dividend payers in the Swedish market (1.43%).

High Dividend: BONAV B's dividend (8.84%) is in the top 25% of dividend payers in the Swedish market (5.36%)


Stability and Growth of Payments

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

Growing Dividend: BONAV B has only been paying a dividend for 5 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.5%), BONAV B's dividend payments are well covered by earnings.


Cash Payout to Shareholders

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


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Management

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

1.6yrs

Average management tenure


CEO

Peter Wallin (55 yo)

1.5yrs

Tenure

kr10,074,000

Compensation

Mr. Peter Wallin has been President and Chief Executive Officer at Bonava AB (publ) since February 01, 2021. He served as Executive Chairman of the Board of HENT at Ratos AB (publ) since February 10, 2020...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD1.00M) is above average for companies of similar size in the Swedish market ($USD557.84K).

Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.


Leadership Team

Experienced Management: BONAV B's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: BONAV B's board of directors are not considered experienced ( 2.4 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: 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

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


Key Information

  • Name: Bonava AB (publ)
  • Ticker: BONAV B
  • Exchange: OM
  • Founded: NaN
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Implied Market Cap: kr4.279b
  • Shares outstanding: 107.19m
  • Website: https://www.bonava.com

Number of Employees


Location

  • Bonava AB (publ)
  • Lindhagensgatan 72
  • Stockholm
  • Stockholm County
  • 112 18
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/06/30
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.