Byggfakta Group Nordic HoldCo AB (publ)

OM:BFG Stock Report

Market Cap: SEK 11.2b

Byggfakta Group Nordic HoldCo Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: BFG (SEK52) is trading below our estimate of fair value (SEK123.19)

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

Key Valuation Metric

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

Key metric: As BFG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BFG. This is calculated by dividing BFG's market cap by their current earnings.
What is BFG's PE Ratio?
PE Ratio94.2x
EarningsSEK 119.00m
Market CapSEK 11.21b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BFG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.1x
TRUE B Truecaller
31.9x23.6%SEK 15.6b
VIT B Vitec Software Group
47.8x18.1%SEK 18.8b
LIME Lime Technologies
50.2x23.6%SEK 4.5b
FNOX Fortnox
58.6x22.7%SEK 40.4b
BFG Byggfakta Group Nordic HoldCo
94.2x52.1%SEK 11.2b

Price-To-Earnings vs Peers: BFG is expensive based on its Price-To-Earnings Ratio (94.2x) compared to the peer average (52.8x).

Price to Earnings Ratio vs Industry

How does BFG's PE Ratio compare vs other companies in the SE Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SPEONE SpectrumOne
1.9xn/aUS$10.62m
No more companies available in this PE range
BFG 94.2xIndustry Avg. 27.7xNo. of Companies2PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BFG is expensive based on its Price-To-Earnings Ratio (94.2x) compared to the Swedish Software industry average (59.9x).

Price to Earnings Ratio vs Fair Ratio

What is BFG'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.

BFG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio94.2x
Fair PE Ratio76.8x

Price-To-Earnings vs Fair Ratio: BFG is expensive based on its Price-To-Earnings Ratio (94.2x) compared to the estimated Fair Price-To-Earnings Ratio (76.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BFG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 46.25
0%
12.5%SEK 52.00SEK 37.00n/a4
Nov ’25n/a
SEK 46.25
0%
12.5%SEK 52.00SEK 37.00n/a4
Oct ’25n/a
SEK 46.25
0%
12.5%SEK 52.00SEK 37.00n/a4
Sep ’25n/a
SEK 46.25
0%
12.5%SEK 52.00SEK 37.00n/a4
Aug ’25n/a
SEK 46.25
0%
12.5%SEK 52.00SEK 37.00n/a4
Jul ’25n/a
SEK 46.25
0%
12.5%SEK 52.00SEK 37.00n/a4
Jun ’25n/a
SEK 46.25
0%
12.5%SEK 52.00SEK 37.00n/a4
May ’25SEK 51.90
SEK 46.20
-11.0%
11.2%SEK 52.00SEK 37.00n/a5
Apr ’25SEK 46.30
SEK 47.20
+1.9%
13.8%SEK 57.00SEK 37.00n/a5
Mar ’25SEK 46.70
SEK 47.20
+1.1%
13.8%SEK 57.00SEK 37.00n/a5
Feb ’25SEK 46.20
SEK 46.80
+1.3%
12.6%SEK 55.00SEK 37.00n/a5
Jan ’25SEK 36.50
SEK 43.80
+20.0%
12.9%SEK 50.00SEK 37.00n/a5
Dec ’24SEK 27.35
SEK 43.60
+59.4%
12.6%SEK 50.00SEK 37.00n/a5
Nov ’24SEK 25.95
SEK 45.28
+74.5%
17.8%SEK 60.00SEK 36.40n/a5
Oct ’24SEK 27.55
SEK 46.50
+68.8%
16.9%SEK 60.00SEK 37.50n/a5
Sep ’24SEK 29.80
SEK 46.50
+56.0%
16.9%SEK 60.00SEK 37.50n/a5
Aug ’24SEK 32.50
SEK 46.50
+43.1%
16.9%SEK 60.00SEK 37.50n/a5
Jul ’24SEK 35.80
SEK 49.80
+39.1%
11.4%SEK 60.00SEK 44.00n/a5
Jun ’24SEK 36.65
SEK 49.80
+35.9%
11.4%SEK 60.00SEK 44.00n/a5
May ’24SEK 37.50
SEK 49.80
+32.8%
11.4%SEK 60.00SEK 44.00SEK 51.905
Apr ’24SEK 36.42
SEK 50.60
+38.9%
10.0%SEK 60.00SEK 45.00SEK 46.305
Mar ’24SEK 37.16
SEK 50.60
+36.2%
10.0%SEK 60.00SEK 45.00SEK 46.705
Feb ’24SEK 39.42
SEK 49.20
+24.8%
4.7%SEK 52.00SEK 45.00SEK 46.205
Jan ’24SEK 41.96
SEK 47.80
+13.9%
13.5%SEK 59.00SEK 40.00SEK 36.505
Dec ’23SEK 42.18
SEK 47.80
+13.3%
13.5%SEK 59.00SEK 40.00SEK 27.355
Nov ’23SEK 29.28
SEK 50.40
+72.1%
13.7%SEK 59.00SEK 40.00SEK 25.955

Analyst Forecast: Target price is lower than the current share price.

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