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BHG

BHG Group OM:BHG Stock Report

Last Price

kr34.40

Market Cap

kr4.9b

7D

0.9%

1Y

-79.1%

Updated

28 Jun, 2022

Data

Company Financials +
BHG fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance2/6
Financial Health2/6
Dividends0/6

BHG Stock Overview

BHG Group AB (publ) operates as a consumer e-commerce company in Sweden, Finland, Denmark, Norway, rest of Europe, and internationally.

BHG Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BHG Group
Historical stock prices
Current Share Pricekr34.40
52 Week Highkr172.30
52 Week Lowkr32.40
Beta0.77
1 Month Change-33.27%
3 Month Change-47.28%
1 Year Change-79.14%
3 Year Change-13.35%
5 Year Changen/a
Change since IPO-18.10%

Recent News & Updates

Jun 04
BHG Group AB (publ)'s (STO:BHG) Intrinsic Value Is Potentially 71% Above Its Share Price

BHG Group AB (publ)'s (STO:BHG) Intrinsic Value Is Potentially 71% Above Its Share Price

Today we will run through one way of estimating the intrinsic value of BHG Group AB (publ) ( STO:BHG ) by taking the...

Shareholder Returns

BHGSE Online RetailSE Market
7D0.9%0.2%1.1%
1Y-79.1%-71.1%-20.9%

Return vs Industry: BHG underperformed the Swedish Online Retail industry which returned -71.1% over the past year.

Return vs Market: BHG underperformed the Swedish Market which returned -20.9% over the past year.

Price Volatility

Is BHG's price volatile compared to industry and market?
BHG volatility
BHG Average Weekly Movement10.2%
Online Retail Industry Average Movement9.7%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.2%
10% least volatile stocks in SE Market4.7%

Stable Share Price: BHG is more volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: BHG's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Swedish stocks.

About the Company

FoundedEmployeesCEOWebsite
20063,000Adam Schatzhttps://www.wearebhg.com

BHG Group AB (publ) operates as a consumer e-commerce company in Sweden, Finland, Denmark, Norway, rest of Europe, and internationally. It operates in two segments, Do-It-Yourself (DIY) and Home Furnishing. The company offers a range of brands totalling approximately 1.5 million products within DIY, leisure, furniture, and furnishings.

BHG Group Fundamentals Summary

How do BHG Group's earnings and revenue compare to its market cap?
BHG fundamental statistics
Market Capkr4.94b
Earnings (TTM)kr478.00m
Revenue (TTM)kr13.21b

10.1x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BHG income statement (TTM)
Revenuekr13.21b
Cost of Revenuekr10.77b
Gross Profitkr2.44b
Other Expenseskr1.96b
Earningskr478.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 20, 2022

Earnings per share (EPS)3.41
Gross Margin18.47%
Net Profit Margin3.62%
Debt/Equity Ratio92.7%

How did BHG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BHG 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/Revenue0.8x
Enterprise Value/EBITDA13.1x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does BHG's PE Ratio compare to its peers?

BHG PE Ratio vs Peers
The above table shows the PE ratio for BHG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.4x
BOOZT Boozt
31.8x31.1%kr4.3b
DUST Dustin Group
14.7x24.2%kr6.8b
RUG Rugvista Group
11.5x19.2%kr975.9m
PIERCE Pierce Group
29.7x80.2%kr337.3m
BHG BHG Group
10.1x15.4%kr4.9b

Price-To-Earnings vs Peers: BHG is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (21.4x).


Price to Earnings Ratio vs Industry

How does BHG's PE Ratio compare vs other companies in the European Online Retail Industry?

Price-To-Earnings vs Industry: BHG is good value based on its Price-To-Earnings Ratio (10.1x) compared to the Swedish Online Retail industry average (21.3x)


Price to Earnings Ratio vs Fair Ratio

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

BHG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: BHG is good value based on its Price-To-Earnings Ratio (10.1x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).


Share Price vs Fair Value

What is the Fair Price of BHG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BHG (SEK34.4) is trading below our estimate of fair value (SEK72.6)

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


Price to Earnings Growth Ratio

PEG Ratio: BHG is good value based on its PEG Ratio (0.7x)


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BHG's forecast earnings growth (15.4% per year) is above the savings rate (0.3%).

Earnings vs Market: BHG's earnings (15.4% per year) are forecast to grow faster than the Swedish market (9.7% per year).

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

Revenue vs Market: BHG's revenue (11.3% per year) is forecast to grow faster than the Swedish market (5.6% per year).

High Growth Revenue: BHG's revenue (11.3% 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 (10.9%).


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Past Performance

How has BHG Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


69.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BHG has high quality earnings.

Growing Profit Margin: BHG's current net profit margins (3.6%) are lower than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: BHG has become profitable over the past 5 years, growing earnings by 69.9% per year.

Accelerating Growth: BHG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BHG had negative earnings growth (-0.7%) over the past year, making it difficult to compare to the Online Retail industry average (-18%).


Return on Equity

High ROE: BHG's Return on Equity (9.1%) is considered low.


Discover strong past performing companies

Financial Health

How is BHG Group's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BHG's short term assets (SEK4.0B) exceed its short term liabilities (SEK3.0B).

Long Term Liabilities: BHG's short term assets (SEK4.0B) do not cover its long term liabilities (SEK6.0B).


Debt to Equity History and Analysis

Debt Level: BHG's net debt to equity ratio (83.2%) is considered high.

Reducing Debt: BHG's debt to equity ratio has increased from 63.9% to 92.7% over the past 5 years.

Debt Coverage: BHG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BHG's interest payments on its debt are well covered by EBIT (11.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BHG has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.4yrs

Average management tenure


CEO

Adam Schatz

2.33yrs

Tenure

kr4,600,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Adam's total compensation ($USD454.00K) is about average for companies of similar size in the Swedish market ($USD547.17K).

Compensation vs Earnings: Adam's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: BHG's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: BHG's board of directors are not considered experienced ( 2.1 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.9%.


Top Shareholders

Company Information

BHG Group AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: BHG Group AB (publ)
  • Ticker: BHG
  • Exchange: OM
  • Founded: 2006
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Implied Market Cap: kr4.941b
  • Shares outstanding: 140.21m
  • Website: https://www.wearebhg.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.