Bonava Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

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: Insufficient data to calculate BONAV B's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BONAV B's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As BONAV B is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BONAV B. This is calculated by dividing BONAV B's market cap by their current revenue.
What is BONAV B's PS Ratio?
PS Ratio	0.3x
Sales	SEK 10.04b
Market Cap	SEK 2.57b

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/Revenue	0.7x
Enterprise Value/EBITDA	32x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BONAV B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.7x
WTW A Wall to Wall Group	0.9x	5.6%	SEK 894.7m
JM JM	0.9x	3.9%	SEK 11.5b
GHUS B Götenehus Group	0.4x	n/a	SEK 404.6m
BESQAB Besqab	0.8x	7.2%	SEK 2.5b
BONAV B Bonava	0.3x	-16.5%	SEK 2.5b

Price-To-Sales vs Peers: BONAV B is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

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

13 Companies	Price / Sales	Estimated Growth	Market Cap

13 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BONAV B is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Consumer Durables industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

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

BONAV B PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	0.2x

Price-To-Sales vs Fair Ratio: BONAV B is expensive based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

Analyst Price Targets

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

The above table shows the analyst BONAV B forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 7.88	SEK 17.00 +115.7%	47.1%	SEK 25.00	SEK 9.00	n/a	2
Nov ’25	SEK 8.76	SEK 17.00 +94.1%	47.1%	SEK 25.00	SEK 9.00	n/a	2
Oct ’25	SEK 8.23	SEK 16.75 +103.6%	49.3%	SEK 25.00	SEK 8.50	n/a	2
Sep ’25	SEK 8.40	SEK 17.00 +102.4%	47.1%	SEK 25.00	SEK 9.00	n/a	2
Aug ’25	SEK 8.60	SEK 17.00 +97.7%	47.1%	SEK 25.00	SEK 9.00	n/a	2
Jul ’25	SEK 8.34	SEK 17.25 +107.0%	44.9%	SEK 25.00	SEK 9.50	n/a	2
Jun ’25	SEK 9.82	SEK 17.25 +75.7%	44.9%	SEK 25.00	SEK 9.50	n/a	2
May ’25	SEK 10.15	SEK 17.25 +70.0%	44.9%	SEK 25.00	SEK 9.50	n/a	2
Apr ’25	SEK 10.59	SEK 17.83 +68.4%	38.7%	SEK 25.00	SEK 8.50	n/a	3
Mar ’25	SEK 8.07	SEK 17.83 +121.1%	38.7%	SEK 25.00	SEK 8.50	n/a	3
Feb ’25	SEK 13.21	SEK 19.50 +47.6%	28.2%	SEK 25.00	SEK 14.00	n/a	2
Jan ’25	SEK 13.13	SEK 20.50 +56.1%	22.0%	SEK 25.00	SEK 16.00	n/a	2
Dec ’24	SEK 13.29	SEK 20.50 +54.3%	22.0%	SEK 25.00	SEK 16.00	n/a	2
Nov ’24	SEK 17.20	SEK 28.00 +62.8%	31.5%	SEK 40.00	SEK 19.00	SEK 8.76	3
Oct ’24	SEK 18.20	SEK 28.00 +53.8%	31.5%	SEK 40.00	SEK 19.00	SEK 8.23	3
Sep ’24	SEK 17.73	SEK 28.00 +57.9%	31.5%	SEK 40.00	SEK 19.00	SEK 8.40	3
Aug ’24	SEK 19.66	SEK 28.00 +42.4%	31.5%	SEK 40.00	SEK 19.00	SEK 8.60	3
Jul ’24	SEK 18.14	SEK 28.33 +56.2%	30.0%	SEK 40.00	SEK 20.00	SEK 8.34	3
Jun ’24	SEK 17.88	SEK 28.00 +56.6%	31.5%	SEK 40.00	SEK 19.00	SEK 9.82	3
May ’24	SEK 18.44	SEK 29.67 +60.9%	28.9%	SEK 40.00	SEK 19.00	SEK 10.15	3
Apr ’24	SEK 21.74	SEK 34.33 +57.9%	17.8%	SEK 43.00	SEK 30.00	SEK 10.59	3
Mar ’24	SEK 23.54	SEK 34.33 +45.9%	17.8%	SEK 43.00	SEK 30.00	SEK 8.07	3
Feb ’24	SEK 33.68	SEK 39.33 +16.8%	19.3%	SEK 50.00	SEK 33.00	SEK 13.21	3
Jan ’24	SEK 29.42	SEK 40.00 +36.0%	20.4%	SEK 50.00	SEK 30.00	SEK 13.13	3
Dec ’23	SEK 28.40	SEK 40.00 +40.8%	20.4%	SEK 50.00	SEK 30.00	SEK 13.29	3
Nov ’23	SEK 32.32	SEK 40.00 +23.8%	20.4%	SEK 50.00	SEK 30.00	SEK 17.20	3

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.