NGM:BAHN B

Stock Analysis Report

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Executive Summary

Bahnhof AB (publ) provides various Internet services in Sweden. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

How has Bahnhof's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BAHN B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BAHN B's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.5%

BAHN B

4.1%

SE Telecom

0.3%

SE Market


1 Year Return

44.9%

BAHN B

-7.8%

SE Telecom

16.7%

SE Market

Return vs Industry: BAHN B exceeded the Swedish Telecom industry which returned -9.6% over the past year.

Return vs Market: BAHN B exceeded the Swedish Market which returned 15.4% over the past year.


Shareholder returns

BAHN BIndustryMarket
7 Day-1.5%4.1%0.3%
30 Day3.0%7.8%4.6%
90 Day16.8%5.5%13.8%
1 Year47.7%44.9%-1.5%-7.8%19.7%16.7%
3 Year65.9%56.4%11.9%-6.2%47.1%29.5%
5 Year183.0%157.7%28.6%-5.3%87.5%47.7%

Long-Term Price Volatility Vs. Market

How volatile is Bahnhof's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bahnhof undervalued compared to its fair value and its price relative to the market?

29.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BAHN B (SEK35.5) is trading above our estimate of fair value (SEK18.19)

Significantly Below Fair Value: BAHN B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BAHN B is poor value based on its PE Ratio (29.6x) compared to the XE Telecom industry average (20.7x).

PE vs Market: BAHN B is poor value based on its PE Ratio (29.6x) compared to the Swedish market (23.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BAHN B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BAHN B is overvalued based on its PB Ratio (11.2x) compared to the SE Telecom industry average (3.1x).


Next Steps

Future Growth

How is Bahnhof forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.4%

Forecasted Telecom industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bahnhof has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bahnhof performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAHN B has a high level of non-cash earnings.

Growing Profit Margin: BAHN B's current net profit margins (9.1%) are higher than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: BAHN B's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: BAHN B's earnings growth over the past year (20.5%) exceeds its 5-year average (14.3% per year).

Earnings vs Industry: BAHN B earnings growth over the past year (20.5%) exceeded the Telecom industry 9.5%.


Return on Equity

High ROE: BAHN B's Return on Equity (37.8%) is considered high.


Next Steps

Financial Health

How is Bahnhof's financial position?


Financial Position Analysis

Short Term Liabilities: BAHN B's short term assets (SEK430.9M) exceed its short term liabilities (SEK405.3M).

Long Term Liabilities: BAHN B's short term assets (SEK430.9M) exceed its long term liabilities (SEK49.2M).


Debt to Equity History and Analysis

Debt Level: BAHN B's debt to equity ratio (0.08%) is considered satisfactory.

Reducing Debt: BAHN B's debt to equity ratio has reduced from 1.3% to 0.08% over the past 5 years.

Debt Coverage: BAHN B's debt is well covered by operating cash flow (70681.9%).

Interest Coverage: BAHN B earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Bahnhof current dividend yield, its reliability and sustainability?

1.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BAHN B's dividend (1.69%) is higher than the bottom 25% of dividend payers in the Swedish market (0.92%).

High Dividend: BAHN B's dividend (1.69%) is low compared to the top 25% of dividend payers in the Swedish market (3.43%).


Stability and Growth of Payments

Stable Dividend: BAHN B's dividends per share have been stable in the past 10 years.

Growing Dividend: BAHN B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50%), BAHN B's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

kr60k

CEO Compensation


CEO

Jon Karlung (56 yo)

8.67yrs

Tenure

kr60,000

Compensation

Mr. Jon Karlung serves as the Chief Executive Officer at Modular Data Centers Stockholm AB. Mr. Karlung serves as the Chief Executive Officer at KN Telecom AB. He has been the Chief Executive Officer of Ba...


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bahnhof AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bahnhof AB (publ)
  • Ticker: BAHN B
  • Exchange: NGM
  • Founded: 1994
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: kr3.915b
  • Shares outstanding: 107.57m
  • Website: https://www.bahnhof.se

Number of Employees


Location

  • Bahnhof AB (publ)
  • Tunnelgatan 2
  • Stockholm
  • Stockholm County
  • 111 37
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BAHN BNGM (Nordic Growth Market)YesClass B SharesSESEKDec 2007

Biography

Bahnhof AB (publ) provides various Internet services in Sweden. The company offers broadband, telephony, Internet security, integrity VPN, and HD TV, as well as virtual private server and datacenter, coloc...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/25 19:33
End of Day Share Price2021/01/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.