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, special situation and turnarounds. More Details


Snowflake Analysis

Undervalued with excellent balance sheet.

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 is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BURE's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.9%

BURE

6.1%

SE Capital Markets

1.6%

SE Market


1 Year Return

27.9%

BURE

73.9%

SE Capital Markets

15.6%

SE Market

Return vs Industry: BURE underperformed the Swedish Capital Markets industry which returned 70.5% over the past year.

Return vs Market: BURE exceeded the Swedish Market which returned 17.1% over the past year.


Shareholder returns

BUREIndustryMarket
7 Day0.9%6.1%1.6%
30 Day-2.3%11.4%5.6%
90 Day0.4%26.9%10.9%
1 Year28.5%27.9%76.3%73.9%18.7%15.6%
3 Year190.8%180.0%94.6%79.5%48.6%30.9%
5 Year376.7%338.3%154.8%115.3%87.5%47.6%

Long-Term 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?

28.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BURE (SEK279.4) is trading below our estimate of fair value (SEK389.52)

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


Price To Earnings Ratio

PE vs Industry: BURE is good value based on its PE Ratio (3.8x) compared to the SE Capital Markets industry average (26.3x).

PE vs Market: BURE is good value based on its PE Ratio (3.8x) compared to the Swedish market (23.8x).


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 (1.2x) compared to the SE Capital Markets industry average (1.3x).


Next Steps

Future Growth

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

18.9%

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.


Next Steps

Past Performance

How has Bure Equity performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BURE has a high level of non-cash earnings.

Growing Profit Margin: BURE's current net profit margins (92.7%) are higher than last year (86.1%).


Past Earnings Growth Analysis

Earnings Trend: BURE's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: BURE's earnings growth over the past year (106.2%) exceeds its 5-year average (7.5% per year).

Earnings vs Industry: BURE earnings growth over the past year (106.2%) underperformed the Capital Markets industry 106.2%.


Return on Equity

High ROE: BURE's Return on Equity (30.1%) is considered high.


Next Steps

Financial Health

How is Bure Equity's financial position?


Financial Position Analysis

Short Term Liabilities: BURE's short term assets (SEK1.7B) exceed its short term liabilities (SEK146.9M).

Long Term Liabilities: BURE's short term assets (SEK1.7B) exceed its long term liabilities (SEK78.8M).


Debt to Equity History and Analysis

Debt Level: BURE's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: BURE's debt to equity ratio has increased from 0.02% to 0.3% over the past 5 years.

Debt Coverage: BURE's debt is well covered by operating cash flow (125.6%).

Interest Coverage: BURE's interest payments on its debt are well covered by EBIT (345.1x coverage).


Balance Sheet


Next Steps

Dividend

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

0.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BURE's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (0.94%).

High Dividend: BURE's dividend (0.36%) is low compared to the top 25% of dividend payers in the Swedish market (3.41%).


Stability and Growth of Payments

Stable Dividend: BURE is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.

Growing Dividend: BURE is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BURE'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?

7.3yrs

Average management tenure


CEO

Henrik Blomquist (49 yo)

7.75yrs

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 ($USD916.73K) is about average for companies of similar size in the Swedish market ($USD1.10M).

Compensation vs Earnings: Henrik's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Henrik Blomquist
CEO & President7.75yrskr7.60m0.083%
SEK 17.3m
Philip Nyblaeus
Presidentno datano data0.011%
SEK 2.2m
Max Jonson
Chief Financial Officer7.25yrsno data0.030%
SEK 6.3m
Sophie Hagströmer
Investment Director1.33yrsno data0.0019%
SEK 404.8k
Gösta Johannesson
Senior Advisor8yrsno datano data
Oskar Hörnell
Investment Manager6yrsno data0.0062%
SEK 1.3m
Trolle Sahlström
Investment Managerno datano data0.0043%
SEK 901.0k

7.3yrs

Average Tenure

39yo

Average Age

Experienced Management: BURE's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philip Nyblaeus
Presidentno datano data0.011%
SEK 2.2m
Carsten Browall
Independent Director1.67yrskr300.00k0.0040%
SEK 840.8k
Patrik Tigerschiöld
Independent Chairman7.75yrskr2.00m10.43%
SEK 2.2b
Bengt Engström
Independent Director7yrskr300.00k0.0094%
SEK 2.0m
Carl Björkman
Independent Director10.75yrskr300.00k3.97%
SEK 824.7m
Charlotta Falvin
Independent Director6yrskr300.00kno data
Sarah McPhee
Independent Director4.67yrskr300.00k0.013%
SEK 2.8m

6.5yrs

Average Tenure

56yo

Average Age

Experienced Board: BURE's board of directors are considered experienced (6.5 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.5%.


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: kr20.761b
  • Shares outstanding: 74.15m
  • Website: https://www.bure.se/en/

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 ventu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 19:35
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
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.