Executive Summary
Byggmax Group AB (publ) sells building materials for common maintenance and DIY projects.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with imperfect balance sheet.
Similar Companies
Share Price & News
How has Byggmax Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BMAX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
20.0%
BMAX
1.5%
SE Specialty Retail
2.9%
SE Market
1 Year Return
69.0%
BMAX
-13.8%
SE Specialty Retail
11.7%
SE Market
Return vs Industry: BMAX exceeded the Swedish Specialty Retail industry which returned -17% over the past year.
Return vs Market: BMAX exceeded the Swedish Market which returned 8.5% over the past year.
Shareholder returns
| BMAX | Industry | Market | |
|---|---|---|---|
| 7 Day | 20.0% | 1.5% | 2.9% |
| 30 Day | 25.6% | -1.5% | 9.9% |
| 90 Day | 87.7% | 12.6% | 23.3% |
| 1 Year | 69.0%69.0% | -11.8%-13.8% | 13.4%11.7% |
| 3 Year | -9.8%-14.4% | -24.5%-34.4% | 26.0%12.5% |
| 5 Year | -16.8%-26.6% | -46.0%-55.9% | 41.0%13.3% |
Price Volatility Vs. Market
How volatile is Byggmax Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
15 hours ago | Simply Wall St
Earnings Not Telling The Story For Byggmax Group AB (publ) (STO:BMAX)1 week ago | Simply Wall St
At kr44.34, Is Byggmax Group AB (publ) (STO:BMAX) Worth Looking At Closely?1 month ago | Simply Wall St
Marcus Essesjö Just Bought 25% More Shares In Byggmax Group AB (publ) (STO:BMAX)Valuation
Is Byggmax Group undervalued compared to its fair value and its price relative to the market?
20.84x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BMAX (SEK56.3) is trading above our estimate of fair value (SEK34.95)
Significantly Below Fair Value: BMAX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BMAX is poor value based on its PE Ratio (20.8x) compared to the SE Specialty Retail industry average (18.3x).
PE vs Market: BMAX is poor value based on its PE Ratio (20.8x) compared to the Swedish market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BMAX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BMAX is good value based on its PB Ratio (2.4x) compared to the SE Specialty Retail industry average (3x).
Next Steps
Future Growth
How is Byggmax Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
2.5%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if BMAX's forecast earnings growth is above the savings rate (0.5%).
Earnings vs Market: Insufficient data to determine if BMAX's earnings are forecast to grow faster than the Swedish market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BMAX's revenue (2.5% per year) is forecast to grow slower than the Swedish market (6.2% per year).
High Growth Revenue: BMAX's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BMAX's Return on Equity is forecast to be low in 3 years time (10.6%).
Next Steps
Past Performance
How has Byggmax Group performed over the past 5 years?
-14.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BMAX has high quality earnings.
Growing Profit Margin: BMAX's current net profit margins (3%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: BMAX's earnings have declined by 14.4% per year over the past 5 years.
Accelerating Growth: BMAX's earnings growth over the past year (22.2%) exceeds its 5-year average (-14.4% per year).
Earnings vs Industry: BMAX earnings growth over the past year (22.2%) exceeded the Specialty Retail industry -3.9%.
Return on Equity
High ROE: BMAX's Return on Equity (11.5%) is considered low.
Next Steps
Financial Health
How is Byggmax Group's financial position?
Financial Position Analysis
Short Term Liabilities: BMAX's short term assets (SEK1.3B) do not cover its short term liabilities (SEK2.3B).
Long Term Liabilities: BMAX's short term assets (SEK1.3B) do not cover its long term liabilities (SEK1.4B).
Debt to Equity History and Analysis
Debt Level: BMAX's debt to equity ratio (55.4%) is considered high.
Reducing Debt: BMAX's debt to equity ratio has increased from 42.6% to 55.4% over the past 5 years.
Debt Coverage: BMAX's debt is well covered by operating cash flow (69.1%).
Interest Coverage: BMAX's interest payments on its debt are well covered by EBIT (5.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Byggmax Group current dividend yield, its reliability and sustainability?
4.47%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BMAX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BMAX'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 BMAX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BMAX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BMAX is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BMAX'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?
2.8yrs
Average management tenure
CEO
Mattias Ankarberg (44yo)
3.67yrs
Tenure
kr8,000,000
Compensation
Mr. Mattias Ankarberg has been the Chief Executive Officer and President at Byggmax Group AB (publ) since November 14, 2016. Mr. Ankarberg serves as a Director of Thule Group AB (publ) since 2018. He serve ...
CEO Compensation Analysis
Compensation vs Market: Mattias's total compensation ($USD882.98K) is above average for companies of similar size in the Swedish market ($USD668.50K).
Compensation vs Earnings: Mattias's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 3.67yrs | kr8.00m | 0.18% SEK6.2m | |
| Chief Financial Officer | 0.58yr | no data | no data | |
| Chief Information Officer | 2.5yrs | no data | 0.0033% SEK112.6k | |
| Country Manager & Head of Expansion | 0.83yr | no data | no data | |
| Head of Group Expansion | 2.75yrs | no data | no data | |
| Head of Store Development & Head of E-commerce | 3.5yrs | no data | 0.0069% SEK238.0k | |
| Head of Supply Chain | 3.5yrs | no data | 0.0013% SEK45.0k | |
| President & CEO of Skã¥Nska Byggvaror Division | 2.75yrs | no data | 0.17% SEK5.9m |
2.8yrs
Average Tenure
45yo
Average Age
Experienced Management: BMAX's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 5.17yrs | kr600.00k | 0.57% SEK19.7m | |
| Director | 1.17yrs | kr300.00k | no data | |
| Director | 0.17yr | no data | no data | |
| Independent Director | 5.17yrs | kr300.00k | 0.0098% SEK337.9k | |
| Director | 1.17yrs | kr200.00k | no data | |
| Independent Director | 5.17yrs | kr300.00k | no data | |
| Director | 1.17yrs | kr200.00k | no data |
1.2yrs
Average Tenure
51yo
Average Age
Experienced Board: BMAX's board of directors are not considered experienced ( 1.2 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: BMAX insiders have bought more shares than they have sold 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
Byggmax Group AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Byggmax Group AB (publ)
- Ticker: BMAX
- Exchange: OM
- Founded: 1993
- Industry: Home Improvement Retail
- Sector: Retail
- Market Cap: kr3.434b
- Shares outstanding: 61.00m
- Website: https://www.byggmax.se
Number of Employees
Location
- Byggmax Group AB (publ)
- ArmEgatan 38
- Solna
- Stockholm County
- 171 71
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BMAX | OM (OMX Nordic Exchange Stockholm) | Yes | Common Shares | SE | SEK | Jun 2010 |
| 0MR4 | LSE (London Stock Exchange) | Yes | Common Shares | GB | SEK | Jun 2010 |
| BYY | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jun 2010 |
| BMAXs | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | SEK | Jun 2010 |
Biography
Byggmax Group AB (publ) sells building materials for common maintenance and DIY projects. The company offers building materials, including lumber, insulation, sheets, boards, and paints. It operates 109 stores in Sweden, 42 stores in Norway, and 10 stores in Finland, as well as 11 showrooms with Skånska Byggvaror’s concept. The company also offers its products online. Byggmax Group AB (publ) was founded in 1993 and is headquartered in Solna, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/15 20:49 |
| End of Day Share Price | 2020/07/15 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.