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Bure Equity

OM:BURE
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BURE
OM
SEK11B
Market Cap
  1. Home
  2. SE
  3. Diversified Financials
Company description

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 last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • Bure Equity is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Bure Equity has significant price volatility in the past 3 months.
BURE Share Price and Events
7 Day Returns
-3.7%
OM:BURE
-0.9%
SE Capital Markets
1.4%
SE Market
1 Year Returns
62.8%
OM:BURE
-14.8%
SE Capital Markets
-2%
SE Market
BURE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bure Equity (BURE) -3.7% -3.5% 28.2% 62.8% 110.1% 418.4%
SE Capital Markets -0.9% -2.4% -7% -14.8% 14.3% 63%
SE Market 1.4% -3.3% 1.1% -2% 13% 16.7%
1 Year Return vs Industry and Market
  • BURE outperformed the Capital Markets industry which returned -14.8% over the past year.
  • BURE outperformed the Market in Sweden which returned -2% over the past year.
Price Volatility
BURE
Industry
5yr Volatility vs Market

BURE Value

 Is Bure Equity undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bure Equity to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bure Equity.

OM:BURE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= SEK116.95 * 16.2%
SEK18.96
Book Value of Equity per Share Median Book Value from the past 5 years. SEK116.95
Discount Rate (Cost of Equity) See below 5.2%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:BURE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.701 (1 + (1- 22%) (0.54%))
0.802
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.802 * 5.96%)
5.21%

Discounted Cash Flow Calculation for OM:BURE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bure Equity is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OM:BURE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (16.2% – 5.21%) * SEK116.95)
SEK12.87
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SEK12.87 / (5.21% - 0.43%)
SEK269.33
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SEK116.95 + SEK269.33
SEK386.28
OM:BURE Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK386.28
Current discount Discount to share price of SEK160.20
= -1 x (SEK160.20 - SEK386.28) / SEK386.28
58.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bure Equity is available for.
Intrinsic value
>50%
Share price is SEK160.2 vs Future cash flow value of SEK386.28
Current Discount Checks
For Bure Equity to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bure Equity's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bure Equity's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bure Equity's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bure Equity's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:BURE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK46.93
OM:BURE Share Price ** OM (2019-05-21) in SEK SEK160.2
Europe Capital Markets Industry PE Ratio Median Figure of 130 Publicly-Listed Capital Markets Companies 17.13x
Sweden Market PE Ratio Median Figure of 323 Publicly-Listed Companies 16.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bure Equity.

OM:BURE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:BURE Share Price ÷ EPS (both in SEK)

= 160.2 ÷ 46.93

3.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bure Equity is good value based on earnings compared to the Europe Capital Markets industry average.
  • Bure Equity is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Bure Equity's expected growth come at a high price?
Raw Data
OM:BURE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Capital Markets Industry PEG Ratio Median Figure of 60 Publicly-Listed Capital Markets Companies 1.39x
Sweden Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bure Equity, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bure Equity's assets?
Raw Data
OM:BURE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK165.06
OM:BURE Share Price * OM (2019-05-21) in SEK SEK160.2
Sweden Capital Markets Industry PB Ratio Median Figure of 5 Publicly-Listed Capital Markets Companies 1.47x
Sweden Market PB Ratio Median Figure of 568 Publicly-Listed Companies 2.45x
OM:BURE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:BURE Share Price ÷ Book Value per Share (both in SEK)

= 160.2 ÷ 165.06

0.97x

* Primary Listing of Bure Equity.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bure Equity is good value based on assets compared to the SE Capital Markets industry average.
X
Value checks
We assess Bure Equity's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Bure Equity has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BURE Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bure Equity expected to grow at an attractive rate?
  • Unable to compare Bure Equity's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bure Equity's earnings growth to the Sweden market average as no estimate data is available.
  • Unable to compare Bure Equity's revenue growth to the Sweden market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OM:BURE Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.6%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:BURE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:BURE Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 3,673 661 3,245
2018-12-31 2,270 31 1,820
2018-09-30 449 72 -33
2018-06-30 2,148 80 1,654
2018-03-31 1,809 242 1,315
2017-12-31 1,329 257 834
2017-09-30 1,335 281 859
2017-06-30 1,585 273 1,120
2017-03-31 1,721 156 1,262
2016-12-31 1,623 170 1,173
2016-09-30 4,524 556 4,065
2016-06-30 2,194 754 1,733

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bure Equity is high growth as no earnings estimate data is available.
  • Unable to determine if Bure Equity is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:BURE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bure Equity Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:BURE Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 46.93
2018-12-31 26.29
2018-09-30 -0.47
2018-06-30 23.86
2018-03-31 18.97
2017-12-31 12.03
2017-09-30 12.39
2017-06-30 16.16
2017-03-31 18.20
2016-12-31 16.92
2016-09-30 58.63
2016-06-30 24.99

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bure Equity will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Bure Equity is trading at Bure Equity'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Bure Equity's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Bure Equity's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bure Equity's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bure Equity has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BURE Past Performance

  How has Bure Equity performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bure Equity's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bure Equity's year on year earnings growth rate has been positive over the past 5 years.
  • Bure Equity's 1-year earnings growth exceeds its 5-year average (146.8% vs 6.1%)
  • Bure Equity's earnings growth has exceeded the Europe Capital Markets industry average in the past year (146.8% vs -0.1%).
Earnings and Revenue History
Bure Equity's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bure Equity Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:BURE Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,672.90 3,245.30 274.20
2018-12-31 2,270.30 1,820.40 287.20
2018-09-30 448.50 -32.70 300.10
2018-06-30 2,147.90 1,654.20 303.50
2018-03-31 1,809.30 1,315.10 300.50
2017-12-31 1,328.90 834.10 299.10
2017-09-30 1,334.50 859.00 300.00
2017-06-30 1,584.60 1,120.20 293.90
2017-03-31 1,721.20 1,261.80 292.90
2016-12-31 1,623.20 1,172.80 288.40
2016-09-30 4,524.40 4,064.70 293.50
2016-06-30 2,193.70 1,732.80 292.40
2016-03-31 2,192.70 1,722.50 292.20
2015-12-31 3,433.40 2,940.30 302.20
2015-09-30 1,897.90 1,386.60 309.90
2015-06-30 2,638.90 2,107.60 326.40
2015-03-31 2,402.60 1,856.20 331.40
2014-12-31 1,529.20 965.70 337.40
2014-09-30 1,362.10 733.30 345.00
2014-06-30 1,256.40 637.40 340.10
2014-03-31 1,137.10 517.60 344.00
2013-12-31 1,131.50 512.90 350.10
2013-09-30 848.20 388.70 299.10
2013-06-30 734.60 195.50 337.00
2013-03-31 736.20 101.50 386.60
2012-12-31 557.30 -123.70 427.10
2012-09-30 710.40 -31.10 579.70
2012-06-30 754.00 -78.40 577.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bure Equity has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Bure Equity used its assets more efficiently than the Europe Capital Markets industry average last year based on Return on Assets.
  • Bure Equity's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bure Equity's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bure Equity has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BURE Health

 How is Bure Equity's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bure Equity's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bure Equity is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bure Equity's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bure Equity's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 21.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bure Equity Company Filings, last reported 1 month ago.

OM:BURE Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,386.00 59.40 1,180.00
2018-12-31 9,462.40 2.90 662.20
2018-09-30 8,661.10 30.10 752.10
2018-06-30 8,797.10 29.10 770.10
2018-03-31 8,307.20 29.70 1,000.20
2017-12-31 7,801.50 1.90 990.40
2017-09-30 8,824.80 32.20 972.40
2017-06-30 7,276.20 30.40 966.90
2017-03-31 7,115.30 33.30 792.30
2016-12-31 7,101.40 5.10 969.80
2016-09-30 8,109.40 46.20 971.20
2016-06-30 6,292.20 0.00 966.50
2016-03-31 5,988.80 0.00 1,110.90
2015-12-31 6,064.50 32.30 1,107.10
2015-09-30 4,184.10 0.00 633.00
2015-06-30 4,723.50 0.00 481.50
2015-03-31 4,419.10 0.00 499.80
2014-12-31 3,301.70 47.00 554.60
2014-09-30 3,096.10 0.00 540.80
2014-06-30 2,899.60 0.00 808.80
2014-03-31 2,813.10 0.00 849.60
2013-12-31 2,560.00 49.40 823.30
2013-09-30 2,139.20 0.00 827.30
2013-06-30 2,058.90 0.00 804.80
2013-03-31 2,143.60 0.00 920.60
2012-12-31 2,112.70 86.40 928.80
2012-09-30 2,168.90 0.00 797.70
2012-06-30 2,257.00 0.00 472.90
  • Bure Equity's level of debt (0.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.5% today).
  • Debt is well covered by operating cash flow (1113.5%, greater than 20% of total debt).
  • Bure Equity earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Bure Equity's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bure Equity has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BURE Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.25%
Current annual income from Bure Equity dividends.
If you bought SEK2,000 of Bure Equity shares you are expected to receive SEK25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bure Equity's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.81%).
  • Bure Equity's dividend is below the markets top 25% of dividend payers in Sweden (4.42%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:BURE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 103 Stocks 3.7%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 243 Stocks 3.2%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.8%
Sweden Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:BURE Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-28 2.000 1.200
2018-03-27 2.000 1.826
2017-05-03 2.000 1.990
2016-04-08 1.000 1.111
2015-04-01 1.000 1.824
2015-02-20 1.000 2.052
2014-03-28 0.500 1.578
2014-02-21 0.500 1.803
2013-03-27 0.500 2.045
2013-02-22 0.500 2.097
2012-04-04 0.300 1.345
2012-02-23 0.300 1.616
2011-11-15 0.000 0.000
2011-08-17 0.000 0.000
2011-04-28 0.000 0.000
2011-04-04 0.000 0.000
2011-02-24 0.000 0.000
2010-03-08 0.300 1.031
2010-01-04 0.300 1.054
2009-10-22 0.000 0.000
2009-08-31 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bure Equity has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Bure Equity only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Bure Equity's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (23.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bure Equity's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bure Equity afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bure Equity has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BURE Management

 What is the CEO of Bure Equity's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Henrik Blomquist
COMPENSATION SEK5,700,000
AGE 47
TENURE AS CEO 6.1 years
CEO Bio

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 Equity AB (publ) from April 22, 2013 to February 20, 2014 and its Acting Chief Executive Officer from April 2013 to February 20, 2014. He served as an Executive Vice President at Bure Equity AB (publ) from October 2010 to April 22, 2013 and also served as its Deputy Managing Director until April 22, 2013. He served as Project Manager and Analyst at Bure Equity AB (publ). He joined the firm in October 2010. He serves as a Deputy Member of The Board at Theducation AB. He serves as Chairman of Investment AB Bure, Bure Growth AB and Cavena Image Products AB. He serves as the Chairman of the Board at InfoKomp. He serves as Director of Vitrolife AB (publ) since May 02, 2019. He serves as a Director of The Chimney Pot AB. He serves as Board director of Atle Investment Management AB and Atle Investment Services AB. He serves as the Board Member of Bure Financial Services AB. He serves as a Director of MedCap AB (publ). He has been the Chairman of the Board at Mercuri International Group AB since 2016 and its Director since 2015. He served as Project Manager and Project Analyst at Skanditek Industriförvaltning AB and served as its Investment Manager since 1999. He joined Skanditek Industriförvaltning AB in 1999. He served as the Chairman of the Board of AB VS Market. Mr. Blomquist has experience of investment operations and corporate development. He served as a Director of Lauritz.com Group A/S until December 1, 2017. He holds an M.Sc. in Economics from Stockholm University.

CEO Compensation
  • Henrik's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Henrik's remuneration is lower than average for companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Bure Equity management team in years:

6.1
Average Tenure
48.5
Average Age
  • The average tenure for the Bure Equity management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Henrik Blomquist

TITLE
CEO & President
COMPENSATION
SEK6M
AGE
47
TENURE
6.1 yrs

Max Jonson

TITLE
CFO & Secretary
AGE
50
TENURE
5.6 yrs

Gösta Johannesson

TITLE
Senior Advisor
AGE
59
TENURE
6.1 yrs

Trolle Sahlström

TITLE
Senior Advisor & Investment Analyst
AGE
30
Board of Directors Tenure

Average tenure and age of the Bure Equity board of directors in years:

5.3
Average Tenure
57
Average Age
  • The tenure for the Bure Equity board of directors is about average.
Board of Directors

Patrik Tigerschiöld

TITLE
Chairman
COMPENSATION
SEK800K
AGE
54
TENURE
6.1 yrs

Carl Björkman

TITLE
Director
COMPENSATION
SEK275K
AGE
48
TENURE
9.1 yrs

Bengt Engström

TITLE
Director
COMPENSATION
SEK275K
AGE
65
TENURE
5.3 yrs

Charlotta Falvin

TITLE
Director
COMPENSATION
SEK275K
AGE
52
TENURE
4.3 yrs

Sarah McPhee

TITLE
Director
COMPENSATION
SEK275K
AGE
64
TENURE
3 yrs

Carsten Browall

TITLE
Director
AGE
60
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
19. Jan 19 Buy Sarah McPhee Individual 18. Jan 19 18. Jan 19 859 SEK109.00 SEK93,631
08. Jun 18 Buy Henrik Blomquist Individual 08. Jun 18 08. Jun 18 700 SEK101.80 SEK71,260
04. Jun 18 Buy Max Jonson Individual 04. Jun 18 04. Jun 18 288 SEK103.00 SEK29,664
X
Management checks
We assess Bure Equity's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bure Equity has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BURE News

Simply Wall St News

Should You Be Tempted To Buy Bure Equity AB (STO:BURE) At Its Current PE Ratio?

Bure Equity AB (STO:BURE) trades with a trailing P/E of 5.2x, which is lower than the industry average of 14.5x. … While this makes BURE appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … Check out our latest analysis for Bure Equity

Simply Wall St -

Is Bure Equity AB (STO:BURE) An Attractive Dividend Stock?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Bure Equity AB (STO:BURE) has returned to shareholders over the past 10 years, an average dividend yield of 1.00% annually. … Let's take a look at Bure Equity in more detail.

Simply Wall St -

How Bure Equity AB (OM:BURE) Can Add Value To Your Portfolio

Bure Equity AB (OM:BURE) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of BURE, it.

Simply Wall St -

What You Must Know About Bure Equity AB's (STO:BURE) Major Investors

In this article, I'm going to take a look at Bure Equity AB’s (OM:BURE) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Private Company Ownership Potential investors in BURE should also look at another important group of investors: private companies, with a stake of 4.73%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Should You Be Tempted To Buy Bure Equity AB (STO:BURE) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BURE Price per share = SEK95.6 Earnings per share = SEK18.968 ∴ Price-Earnings Ratio = SEK95.6 ÷ SEK18.968 = 5x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared higher growth firms with BURE, then BURE’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with BURE, BURE’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

Bure Equity AB (STO:BURE): Does The Earnings Decline Make It An Underperformer?

Assessing Bure Equity AB's (OM:BURE) past track record of performance is a useful exercise for investors. … Check out our latest analysis for Bure Equity How Did BURE's Recent Performance Stack Up Against Its Past? … I suggest you continue to research Bure Equity to get a better picture of the stock by looking at: Financial Health: Is BURE’s operations financially sustainable?

Simply Wall St -

BURE Company Info

Description

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. 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.

Details
Name: Bure Equity AB (publ)
BURE
Exchange: OM
Founded: 1992
SEK11,049,301,744
68,971,921
Website: http://www.bure.se
Address: Bure Equity AB (publ)
Nybrogatan 6,
Stockholm,
Stockholm County, 114 34,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BURE Registered Shares OMX Nordic Exchange Stockholm SE SEK 01. Oct 1993
DB BLZ Registered Shares Deutsche Boerse AG DE EUR 01. Oct 1993
LSE 0N7D Registered Shares London Stock Exchange GB SEK 01. Oct 1993
BATS-CHIXE BURES Registered Shares BATS 'Chi-X Europe' GB SEK 01. Oct 1993
Number of employees
Current staff
Staff numbers
216
Bure Equity employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 20:53
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.