OM:BURE

Stock Analysis Report

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Executive Summary

Bure Equity AB (publ) is a private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, emerging growth, expansion capital, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital and turnarounds.

Rewards


Snowflake Analysis

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BURE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.7%

BURE

5.2%

SE Capital Markets

3.9%

SE Market


1 Year Return

30.7%

BURE

82.5%

SE Capital Markets

11.2%

SE Market

Return vs Industry: BURE underperformed the Swedish Capital Markets industry which returned 82.5% over the past year.

Return vs Market: BURE exceeded the Swedish Market which returned 11.2% over the past year.


Shareholder returns

BUREIndustryMarket
7 Day7.7%5.2%3.9%
30 Day21.6%18.4%13.1%
90 Day16.3%38.4%4.0%
1 Year30.7%30.7%87.2%82.5%12.8%11.2%
3 Year112.4%105.5%96.9%81.6%17.5%1.6%
5 Year353.4%318.9%-11.4%-27.3%36.5%9.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

25.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BURE (SEK208.6) is trading below our estimate of fair value (SEK279.18)

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


Price To Earnings Ratio

PE vs Industry: BURE is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: BURE 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 BURE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BURE is good value based on its PB Ratio (1.4x) compared to the SE Capital Markets industry average (2.4x).

Future Growth

How is Bure Equity forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.0%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bure Equity has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Bure Equity performed over the past 5 years?

-4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BURE is currently unprofitable.

Growing Profit Margin: BURE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BURE is unprofitable, and losses have increased over the past 5 years at a rate of -4.1% per year.

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

Earnings vs Industry: BURE is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (14.7%).


Return on Equity

High ROE: BURE has a negative Return on Equity (-11.37%), as it is currently unprofitable.

Financial Health

How is Bure Equity's financial position?


Financial Position Analysis

Short Term Liabilities: BURE's short term assets (SEK961.8M) exceed its short term liabilities (SEK104.2M).

Long Term Liabilities: BURE's short term assets (SEK961.8M) exceed its long term liabilities (SEK85.3M).


Debt to Equity History and Analysis

Debt Level: BURE's debt to equity ratio (0.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BURE's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BURE's debt is well covered by operating cash flow (323.6%).

Interest Coverage: Insufficient data to determine if BURE's interest payments on its debt are well covered by EBIT.


Balance Sheet

Dividend

What is Bure Equity's current dividend yield, its reliability and sustainability?

0.96%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: BURE's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.63%).

High Dividend: BURE's dividend (0.96%) is low compared to the top 25% of dividend payers in the Swedish market (5.4%).


Stability and Growth of Payments

Stable Dividend: BURE's dividend payments have been volatile in the past 10 years.

Growing Dividend: BURE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: BURE is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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

6.0yrs

Average management tenure


CEO

Henrik Blomquist (48yo)

7.17yrs

Tenure

kr7,600,000

Compensation

Mr. Henrik Blomquist has been the Chief Executive Officer at Bure Equity AB (publ) since February 20, 2014 and has been its President since 2013. Mr. Blomquist served as an Acting Managing Director at Bure ...


CEO Compensation Analysis

Compensation vs Market: Henrik's total compensation ($USD829.90K) is about average for companies of similar size in the Swedish market ($USD919.42K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Henrik Blomquist
CEO & President7.17yrskr7.60m0.084% SEK11.9m
Max Jonson
Chief Financial Officer6.67yrsno data0.030% SEK4.3m
Sophie Hagströmer
Investment Director0.75yrno data0.0021% SEK296.9k
Oskar Hörnell
Investment Manager5.42yrsno data0.0066% SEK937.4k
Trolle Sahlström
Investment Managerno datano data0.0047% SEK660.3k

6.0yrs

Average Tenure

39yo

Average Age

Experienced Management: BURE's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Carsten Browall
Independent Director1.08yrskr300.00k0.0043% SEK615.1k
Patrik Tigerschiöld
Independent Chairman7.17yrskr2.00m11.21% SEK1.6b
Bengt Engström
Independent Director6.42yrskr300.00k0.010% SEK1.4m
Carl Björkman
Independent Director10.17yrskr300.00k4.27% SEK603.8m
Charlotta Falvin
Independent Director5.42yrskr300.00kno data
Sarah McPhee
Independent Director4.08yrskr300.00k0.015% SEK2.1m

5.9yrs

Average Tenure

58yo

Average Age

Experienced Board: BURE's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BURE 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

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


Key Information

  • Name: Bure Equity AB (publ)
  • Ticker: BURE
  • Exchange: OM
  • Founded: 1992
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: kr14.139b
  • Shares outstanding: 68.97m
  • Website: https://www.bure.se

Number of Employees


Location

  • Bure Equity AB (publ)
  • Nybrogatan 6
  • Stockholm
  • Stockholm County
  • 114 34
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BUREOM (OMX Nordic Exchange Stockholm)YesRegistered SharesSESEKOct 1993
0N7DLSE (London Stock Exchange)YesRegistered SharesGBSEKOct 1993
BURESBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBSEKOct 1993
BLZDB (Deutsche Boerse AG)YesRegistered SharesDEEUROct 1993

Biography

Bure Equity AB (publ) is a private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, emerging growth, expansion capital, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital and turnarounds. The firm has agnostic approach and seeks to invest in listed and unlisted SME companies and assets in knowledge driven service companies. It primarily invests in education service companies, communication services, medtech, consumer staples, financials, industrials, healthcare, information technology, and professional services. The firm prefers to invest in Nordic and European developed markets. It invests between $5 million to $50 million. The firm seeks to be a principal shareholder with a controlling influence in the portfolio company. The firm prefers to hold its investment for a period of three to five years. It invests through its own balance sheet. Bure Equity AB (publ) was founded on November 23, 1992 and is based in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 20:58
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
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.