OM:BHG

Stock Analysis Report

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Executive Summary

BHG Group AB operates as a consumer e-commerce company in Europe. More Details


Snowflake Analysis

Solid track record with moderate growth potential.


Similar Companies

Share Price & News

How has BHG Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.7%

BHG

-0.9%

SE Online Retail

-0.5%

SE Market


1 Year Return

185.9%

BHG

64.3%

SE Online Retail

13.9%

SE Market

Return vs Industry: BHG exceeded the Swedish Online Retail industry which returned 66.1% over the past year.

Return vs Market: BHG exceeded the Swedish Market which returned 15.2% over the past year.


Shareholder returns

BHGIndustryMarket
7 Day-2.7%-0.9%-0.5%
30 Day23.6%16.3%2.4%
90 Day28.4%32.4%6.6%
1 Year185.9%185.9%73.0%64.3%15.9%13.9%
3 Yearn/a39.5%15.5%31.6%17.5%
5 Yearn/a112.1%103.0%60.3%28.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is BHG Group undervalued compared to its fair value and its price relative to the market?

51.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BHG (SEK139.8) is trading above our estimate of fair value (SEK64.41)

Significantly Below Fair Value: BHG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BHG is poor value based on its PE Ratio (51.3x) compared to the XE Online Retail industry average (36.1x).

PE vs Market: BHG is poor value based on its PE Ratio (51.3x) compared to the Swedish market (22.4x).


Price to Earnings Growth Ratio

PEG Ratio: BHG is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: BHG is overvalued based on its PB Ratio (5x) compared to the SE Online Retail industry average (3.3x).


Next Steps

Future Growth

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

19.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BHG's forecast earnings growth (19.1% per year) is above the savings rate (0.5%).

Earnings vs Market: BHG's earnings (19.1% per year) are forecast to grow faster than the Swedish market (12.9% per year).

High Growth Earnings: BHG's earnings are forecast to grow, but not significantly.

Revenue vs Market: BHG's revenue (11.8% per year) is forecast to grow faster than the Swedish market (3.1% per year).

High Growth Revenue: BHG's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BHG's Return on Equity is forecast to be low in 3 years time (13.5%).


Next Steps

Past Performance

How has BHG Group performed over the past 5 years?

47.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BHG has high quality earnings.

Growing Profit Margin: BHG's current net profit margins (3.8%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: BHG's earnings have grown significantly by 47.1% per year over the past 5 years.

Accelerating Growth: BHG's earnings growth over the past year (187.9%) exceeds its 5-year average (47.1% per year).

Earnings vs Industry: BHG earnings growth over the past year (187.9%) exceeded the Online Retail industry -0.6%.


Return on Equity

High ROE: BHG's Return on Equity (9.9%) is considered low.


Next Steps

Financial Health

How is BHG Group's financial position?


Financial Position Analysis

Short Term Liabilities: BHG's short term assets (SEK2.1B) exceed its short term liabilities (SEK1.8B).

Long Term Liabilities: BHG's short term assets (SEK2.1B) do not cover its long term liabilities (SEK2.2B).


Debt to Equity History and Analysis

Debt Level: BHG's debt to equity ratio (53.8%) is considered high.

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

Debt Coverage: BHG's debt is well covered by operating cash flow (51.4%).

Interest Coverage: BHG's interest payments on its debt are well covered by EBIT (47.8x coverage).


Balance Sheet


Next Steps

Dividend

What is BHG Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BHG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BHG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BHG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BHG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

0.7yrs

Average management tenure


CEO

Adam Schatz

0.67

Tenure

Mr. Adam Schatz serves as President, Chief Executive Officer and Head of the Home Furnishing segment at BHG Group AB (formerly known as Bygghemma Group First AB (publ)) since February 20, 2020. He has been ...


Leadership Team

NamePositionTenureCompensationOwnership
Martin Edblad
Head of Strategy and M&A0.67yrkr3.20mno data
Adam Schatz
President0.67yrno data0.013%
SEK 2.0m
Jesper Flemme
Acting Chief Financial Officer0.67yrno data0.0033%
SEK 496.8k
Mikael Olander
COO & Head of the DIY Segment1.5yrskr1.20m0.11%
SEK 16.2m
Johan Hähnel
Head of Investor Relations2.75yrsno datano data

0.7yrs

Average Tenure

49yo

Average Age

Experienced Management: BHG's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ingrid Blank
Independent Director3.75yrskr100.00k0.024%
SEK 3.6m
Bert Larsson
Independent Director4.75yrskr100.00k0.016%
SEK 2.4m
Gustaf Öhrn
Chairman of the Board0.42yrno datano data
Johan Giléus
Independent Director1.42yrskr200.00kno data
Christian Bubenheim
Director0.42yrno datano data
Niklas Ringby
Independent Director0.83yrno datano data

1.1yrs

Average Tenure

55yo

Average Age

Experienced Board: BHG's board of directors are not considered experienced ( 1.1 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: BHG insiders have only sold shares 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

BHG Group AB's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BHG Group AB
  • Ticker: BHG
  • Exchange: OM
  • Founded: 2006
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: kr15.010b
  • Shares outstanding: 107.37m
  • Website: https://www.wearebhg.com

Number of Employees


Location

  • BHG Group AB
  • Hans Michelsensgatan 9
  • Malmö
  • Skåne County
  • 211 20
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BHGOM (OMX Nordic Exchange Stockholm)YesClass A Ordinary SharesSESEKMar 2018
7B1DB (Deutsche Boerse AG)YesClass A Ordinary SharesDEEURMar 2018
0SOMLSE (London Stock Exchange)YesClass A Ordinary SharesGBSEKMar 2018
BHGSBATS-CHIXE (BATS 'Chi-X Europe')YesClass A Ordinary SharesGBSEKMar 2018

Biography

BHG Group AB operates as a consumer e-commerce company in Europe. The company offers a range of brands totalling approximately 800,000 products within DIY, leisure, furniture, and furnishings. It operates ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 20:40
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
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.