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Updated 1d ago
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BHG Group AB (publ)OM:BHG Stock Report

Market Cap SEK 3.6b
Updated 1d ago
Share Price
n/a
1Y-27.2%
7D4.6%
1D2.9%
Portfolio Value
​
View

BHG Group AB (publ)

OM:BHG Stock Report

Market Cap: SEK 3.6b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

BHG Group (BHG) Stock Overview

Operates as a consumer e-commerce company in Sweden, Finland, Denmark, Norway, rest of Europe, and internationally. More details

BHG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 52.1% below our estimate of its fair value

Earnings are forecast to grow 47.78% per year

Became profitable this year

Risk Analysis

Large one-off items impacting financial results


BHG Community Fair Values

Create Narrative

See what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystLowTarget
3.5% undervalued intrinsic discount
AnalystLowTarget
•1mo ago

Seasonal And Pricing Pressures Will Challenge Margins Yet Efficiency Gains Should Slowly Improve Prospects

12
0
0
AN
AnalystHighTarget
49.4% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Online Migration And Unique Assortment Will Support Stronger Long Term Performance

18
0
0
AN
AnalystConsensusTarget
31.7% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Online Migration And Automation Will Support Long-Term Margin Expansion And Earnings Recovery

17
0
1

Top Analyst Narratives

AN
AnalystLowTarget
3.5% undervalued intrinsic discount
AnalystLowTarget
•1mo ago

Seasonal And Pricing Pressures Will Challenge Margins Yet Efficiency Gains Should Slowly Improve Prospects

12
0
0
AN
AnalystHighTarget
49.4% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Online Migration And Unique Assortment Will Support Stronger Long Term Performance

18
0
0
AN
AnalystConsensusTarget
31.7% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Online Migration And Automation Will Support Long-Term Margin Expansion And Earnings Recovery

17
0
1
View all narratives

BHG Group AB (publ) Competitors

Byggmax Group

Symbol: OM:BMAX
Market cap: SEK 3.2b

Clas Ohlson

Symbol: OM:CLAS B
Market cap: SEK 26.6b

Fenix Outdoor International

Symbol: OM:FOI B
Market cap: SEK 4.0b

WS WeSports Group

Symbol: OM:WSG
Market cap: SEK 1.8b

Price History & Performance

Summary of share price highs, lows and changes for BHG Group
Historical stock prices
Current Share PriceSEK 20.26
52 Week HighSEK 33.56
52 Week LowSEK 18.30
Beta1.8
1 Month Change3.95%
3 Month Change1.10%
1 Year Change-27.23%
3 Year Change31.05%
5 Year Change-85.19%
Change since IPO-51.76%

Recent News & Updates

User avatar
Narrative Update • Aug 01

BHG: Disciplined M&A And Margin Assumptions Will Shape Fairly Valued Outlook

Analysts have reduced their price target for BHG Group from SEK 26 to SEK 21 as they adjust fair value expectations, discount rates, and margin assumptions, while keeping long term revenue growth and future P/E inputs broadly in line with prior views. What's in the News for BHG Group BHG Group reports a focus on executing its disciplined M&A strategy, with management highlighting acquisitions that fit within its existing framework.
Analysis Article • Jul 21

BHG Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

It's been a mediocre week for BHG Group AB (publ) ( STO:BHG ) shareholders, with the stock dropping 12% to kr19.53 in...

Recent updates

User avatar
Narrative Update • Aug 01

BHG: Disciplined M&A And Margin Assumptions Will Shape Fairly Valued Outlook

Analysts have reduced their price target for BHG Group from SEK 26 to SEK 21 as they adjust fair value expectations, discount rates, and margin assumptions, while keeping long term revenue growth and future P/E inputs broadly in line with prior views. What's in the News for BHG Group BHG Group reports a focus on executing its disciplined M&A strategy, with management highlighting acquisitions that fit within its existing framework.
Analysis Article • Jul 21

BHG Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

It's been a mediocre week for BHG Group AB (publ) ( STO:BHG ) shareholders, with the stock dropping 12% to kr19.53 in...
User avatar
Narrative Update • Jul 17

BHG: Higher Future P/E And Cash Flow Assumptions Will Support Upside

Analysts have adjusted their BHG Group price target from SEK 35 to about SEK 29.67, citing updated views on fair value, discount rates, revenue growth, profit margins, and future P/E assumptions. What’s in the News for BHG Group No recent BHG Group specific news or key developments were identified in the provided sources.
User avatar
Narrative Update • Jun 26

None

Analysts have raised their price target on BHG Group from SEK 35 to SEK 40, citing updated assumptions for revenue growth, profit margins and a lower future P/E multiple in their valuation work. What's in the News for BHG Group No recent company specific news headlines for BHG Group were available in the provided sources.
User avatar
New Narrative • Apr 25

Seasonal And Pricing Pressures Will Challenge Margins Yet Efficiency Gains Should Slowly Improve Prospects

Catalysts About BHG Group BHG Group is an online retailer focused on home improvement, furniture and garden products in Northern Europe. What are the underlying business or industry changes driving this perspective?
Analysis Article • Apr 18

Impressive Earnings May Not Tell The Whole Story For BHG Group (STO:BHG)

Despite posting some strong earnings, the market for BHG Group AB (publ)'s ( STO:BHG ) stock hasn't moved much. We did...
User avatar
New Narrative • Apr 08

Online Migration And Unique Assortment Will Support Stronger Long Term Performance

Catalysts About BHG Group BHG Group operates online retail platforms focused on home improvement, indoor furnishing, home decoration, bathroom products and garden categories across several European markets. What are the underlying business or industry changes driving this perspective?
Analysis Article • Sep 11

BHG Group AB (publ) (STO:BHG) Shares Could Be 46% Below Their Intrinsic Value Estimate

Key Insights Using the 2 Stage Free Cash Flow to Equity, BHG Group fair value estimate is kr51.41 BHG Group is...
Analysis Article • Sep 11

Further Upside For BHG Group AB (publ) (STO:BHG) Shares Could Introduce Price Risks After 25% Bounce

BHG Group AB (publ) ( STO:BHG ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • May 14

Is BHG Group (STO:BHG) Using Debt Sensibly?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Mar 05

Cautious Investors Not Rewarding BHG Group AB (publ)'s (STO:BHG) Performance Completely

There wouldn't be many who think BHG Group AB (publ)'s ( STO:BHG ) price-to-sales (or "P/S") ratio of 0.4x is worth a...
Analysis Article • Feb 01

kr27.00 - That's What Analysts Think BHG Group AB (publ) (STO:BHG) Is Worth After These Results

Shareholders will be ecstatic, with their stake up 31% over the past week following BHG Group AB (publ) 's ( STO:BHG...
Analysis Article • Oct 28

Revenues Tell The Story For BHG Group AB (publ) (STO:BHG) As Its Stock Soars 28%

BHG Group AB (publ) ( STO:BHG ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • Oct 25

BHG Group (STO:BHG) Is Experiencing Growth In Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article • Jul 22

Analysts Are Updating Their BHG Group AB (publ) (STO:BHG) Estimates After Its Second-Quarter Results

Shareholders in BHG Group AB (publ) ( STO:BHG ) had a terrible week, as shares crashed 22% to kr14.76 in the week since...
Analysis Article • Jun 01

BHG Group AB (publ)'s (STO:BHG) 26% Price Boost Is Out Of Tune With Revenues

BHG Group AB (publ) ( STO:BHG ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...
Analysis Article • May 26

A Look At The Fair Value Of BHG Group AB (publ) (STO:BHG)

Key Insights BHG Group's estimated fair value is kr17.49 based on 2 Stage Free Cash Flow to Equity BHG Group's kr16.35...
Analysis Article • May 08

Is BHG Group (STO:BHG) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Apr 05

BHG Group AB (publ)'s (STO:BHG) 26% Jump Shows Its Popularity With Investors

BHG Group AB (publ) ( STO:BHG ) shares have continued their recent momentum with a 26% gain in the last month alone...
Analysis Article • Jan 22

Is BHG Group (STO:BHG) Using Debt In A Risky Way?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jan 04

Some Shareholders Feeling Restless Over BHG Group AB (publ)'s (STO:BHG) P/S Ratio

With a median price-to-sales (or "P/S") ratio of close to 0.4x in the Specialty Retail industry in Sweden, you could be...
Analysis Article • Oct 22

Is BHG Group (STO:BHG) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jul 26

When Should You Buy BHG Group AB (publ) (STO:BHG)?

BHG Group AB (publ) ( STO:BHG ), might not be a large cap stock, but it saw a significant share price rise of over 20...
Analysis Article • Jul 07

Returns On Capital Signal Tricky Times Ahead For BHG Group (STO:BHG)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Jun 02

Is BHG Group (STO:BHG) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Apr 08

BHG Group (STO:BHG) Could Be Struggling To Allocate Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article • Mar 21

What Is BHG Group AB (publ)'s (STO:BHG) Share Price Doing?

BHG Group AB (publ) ( STO:BHG ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article • Feb 15

Is BHG Group (STO:BHG) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

BHGSE Specialty RetailSE Market
7D4.6%-1.4%-0.7%
1Y-27.2%4.0%12.3%

Return vs Industry: BHG underperformed the Swedish Specialty Retail industry which returned 4% over the past year.

Return vs Market: BHG underperformed the Swedish Market which returned 12.3% over the past year.

Price Volatility

Is BHG's price volatile compared to industry and market?
BHG volatility
BHG Average Weekly Movement6.5%
Specialty Retail Industry Average Movement5.5%
Market Average Movement5.2%
10% most volatile stocks in SE Market10.6%
10% least volatile stocks in SE Market2.9%

Stable Share Price: BHG has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: BHG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20061,751Gustaf Ohrnwww.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 three segments: Home Improvement, Value Home, and Premium Living. The Home Improvement segment operates as a drop shipping model for Do-It-Yourself (DIY) product categories, such as garden, construction, and renovation products.

BHG Group AB (publ) Fundamentals Summary

How do BHG Group's earnings and revenue compare to its market cap?
BHG fundamental statistics
Market capSEK 3.63b
Earnings (TTM)SEK 89.10m
Revenue (TTM)SEK 10.91b
40.8x
P/E Ratio
0.3x
P/S Ratio

Is BHG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BHG income statement (TTM)
RevenueSEK 10.91b
Cost of RevenueSEK 9.00b
Gross ProfitSEK 1.91b
Other ExpensesSEK 1.82b
EarningsSEK 89.10m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Oct 23, 2026

Earnings per share (EPS)0.50
Gross Margin17.48%
Net Profit Margin0.82%
Debt/Equity Ratio30.7%

How did BHG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 02:16
End of Day Share Price 2026/09/17 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BHG Group AB (publ) is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Fredrik IvarssonABG Sundal Collier Sponsored
Erik MobergBerenberg

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