BHG Group Future Growth
Future criteria checks 4/6
BHG Group is forecast to grow earnings and revenue by 37.4% and 6% per annum respectively. EPS is expected to grow by 36.9% per annum. Return on equity is forecast to be 5% in 3 years.
Key information
37.4%
Earnings growth rate
36.95%
EPS growth rate
| Specialty Retail earnings growth | 9.5% |
| Revenue growth rate | 6.0% |
| Future return on equity | 4.96% |
| Analyst coverage | Low |
| Last updated | 24 Apr 2026 |
Recent future growth updates
Recent updates
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...
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...Analysis Article • Dec 10
What Does BHG Group AB (publ)'s (STO:BHG) Share Price Indicate?
BHG Group AB (publ) ( STO:BHG ), is not the largest company out there, but it led the OM gainers with a relatively...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 12,528 | 370 | 504 | 746 | 3 |
| 12/31/2027 | 11,841 | 301 | 483 | 676 | 3 |
| 12/31/2026 | 11,126 | 214 | 403 | 594 | 3 |
| 3/31/2026 | 10,626 | 109 | 595 | 736 | N/A |
| 12/31/2025 | 10,583 | 145 | 542 | 683 | N/A |
| 9/30/2025 | 10,429 | -337 | 515 | 649 | N/A |
| 6/30/2025 | 10,186 | -415 | 567 | 700 | N/A |
| 3/31/2025 | 10,157 | -592 | 531 | 665 | N/A |
| 12/31/2024 | 9,963 | -679 | 524 | 657 | N/A |
| 9/30/2024 | 9,908 | -396 | 484 | 669 | N/A |
| 6/30/2024 | 10,415 | -1,638 | 605 | 790 | N/A |
| 3/31/2024 | 11,181 | -1,514 | 1,081 | 1,229 | N/A |
| 12/31/2023 | 11,790 | -1,565 | 1,365 | 1,550 | N/A |
| 9/30/2023 | 12,269 | -1,584 | 1,070 | 1,269 | N/A |
| 6/30/2023 | 12,514 | -363 | 714 | 912 | N/A |
| 3/31/2023 | 12,941 | -194 | -252 | -16 | N/A |
| 12/31/2022 | 13,434 | 34 | -304 | -106 | N/A |
| 9/30/2022 | 13,613 | 324 | -617 | -424 | N/A |
| 6/30/2022 | 13,567 | 472 | -716 | -523 | N/A |
| 3/31/2022 | 13,209 | 478 | -218 | -25 | N/A |
| 12/31/2021 | 12,666 | 481 | -220 | -28 | N/A |
| 9/30/2021 | 11,534 | 462 | 350 | 444 | N/A |
| 6/30/2021 | 10,763 | 534 | 603 | 697 | N/A |
| 3/31/2021 | 9,908 | 481 | 872 | 966 | N/A |
| 12/31/2020 | 8,968 | 415 | 900 | 994 | N/A |
| 9/30/2020 | 8,258 | 387 | 728 | 826 | N/A |
| 6/30/2020 | 7,607 | 293 | 811 | 862 | N/A |
| 3/31/2020 | 6,621 | 202 | 420 | 518 | N/A |
| 12/31/2019 | 6,212 | 176 | N/A | 422 | N/A |
| 9/30/2019 | 5,848 | 116 | N/A | 393 | N/A |
| 6/30/2019 | 5,460 | 101 | N/A | 289 | N/A |
| 3/31/2019 | 5,169 | 80 | N/A | 191 | N/A |
| 12/31/2018 | 4,974 | 4 | N/A | 121 | N/A |
| 9/30/2018 | 4,774 | -212 | N/A | 123 | N/A |
| 6/30/2018 | 4,649 | -219 | N/A | 181 | N/A |
| 3/31/2018 | 4,311 | -228 | N/A | 150 | N/A |
| 12/31/2017 | 3,956 | -176 | N/A | 141 | N/A |
| 12/31/2016 | 2,602 | 57 | N/A | 112 | N/A |
| 12/31/2015 | 1,895 | 27 | N/A | 104 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BHG's forecast earnings growth (37.4% per year) is above the savings rate (2%).
Earnings vs Market: BHG's earnings (37.4% per year) are forecast to grow faster than the Swedish market (8.6% per year).
High Growth Earnings: BHG's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BHG's revenue (6% per year) is forecast to grow faster than the Swedish market (0.01% per year).
High Growth Revenue: BHG's revenue (6% 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 (5%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 17:55 |
| End of Day Share Price | 2026/06/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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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.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Fredrik Ivarsson | ABG Sundal Collier Sponsored |
| Erik Moberg | Berenberg |