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Bredband2 i Skandinavien

OM:BRE2
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRE2
OM
SEK658M
Market Cap
  1. Home
  2. SE
  3. Telecom
Company description

Bredband2 i Skandinavien AB (publ) provides communication services to individuals and businesses in Sweden. The last earnings update was 79 days ago. More info.


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BRE2 Share Price and Events
7 Day Returns
-1.2%
OM:BRE2
-1.3%
SE Telecom
-1%
SE Market
1 Year Returns
-33.5%
OM:BRE2
9.5%
SE Telecom
4.3%
SE Market
BRE2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bredband2 i Skandinavien (BRE2) -1.2% -1.8% -10.3% -33.5% 21.8% 113.2%
SE Telecom -1.3% 2.4% 2.7% 9.5% -9.6% -15%
SE Market -1% 0.3% -0.2% 4.3% 14.1% 19.6%
1 Year Return vs Industry and Market
  • BRE2 underperformed the Telecom industry which returned 9.5% over the past year.
  • BRE2 underperformed the Market in Sweden which returned 4.3% over the past year.
Price Volatility
BRE2
Industry
5yr Volatility vs Market

BRE2 Value

 Is Bredband2 i Skandinavien undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bredband2 i Skandinavien to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bredband2 i Skandinavien.

OM:BRE2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.2%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:BRE2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.35
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.349 (1 + (1- 22%) (0.1%))
0.564
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.8 * 5.96%)
5.2%

Discounted Cash Flow Calculation for OM:BRE2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bredband2 i Skandinavien is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:BRE2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.2%)
2020 53.00 Analyst x2 50.38
2021 55.50 Analyst x2 50.15
2022 54.02 Est @ -2.66% 46.40
2023 53.08 Est @ -1.73% 43.34
2024 52.51 Est @ -1.08% 40.75
2025 52.18 Est @ -0.63% 38.49
2026 52.02 Est @ -0.31% 36.47
2027 51.97 Est @ -0.09% 34.64
2028 52.01 Est @ 0.07% 32.95
2029 52.10 Est @ 0.18% 31.38
Present value of next 10 years cash flows SEK404.94
OM:BRE2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK52.10 × (1 + 0.43%) ÷ (5.2% – 0.43%)
SEK1,097.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK1,097.48 ÷ (1 + 5.2%)10
SEK660.91
OM:BRE2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK404.94 + SEK660.91
SEK1,065.85
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK1,065.85 / 701.00
SEK1.52
OM:BRE2 Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK1.52
Current discount Discount to share price of SEK0.94
= -1 x (SEK0.94 - SEK1.52) / SEK1.52
38.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bredband2 i Skandinavien is available for.
Intrinsic value
38%
Share price is SEK0.94 vs Future cash flow value of SEK1.52
Current Discount Checks
For Bredband2 i Skandinavien to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bredband2 i Skandinavien's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bredband2 i Skandinavien's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bredband2 i Skandinavien's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bredband2 i Skandinavien's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:BRE2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK0.05
OM:BRE2 Share Price ** OM (2019-07-19) in SEK SEK0.94
Sweden Telecom Industry PE Ratio Median Figure of 5 Publicly-Listed Telecom Companies 61.67x
Sweden Market PE Ratio Median Figure of 324 Publicly-Listed Companies 16.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bredband2 i Skandinavien.

OM:BRE2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:BRE2 Share Price ÷ EPS (both in SEK)

= 0.94 ÷ 0.05

20.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bredband2 i Skandinavien is good value based on earnings compared to the SE Telecom industry average.
  • Bredband2 i Skandinavien is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Bredband2 i Skandinavien's expected growth come at a high price?
Raw Data
OM:BRE2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
17.9%per year
Sweden Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Telecom Companies 1.44x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

OM:BRE2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.7x ÷ 17.9%

1.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bredband2 i Skandinavien is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bredband2 i Skandinavien's assets?
Raw Data
OM:BRE2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK0.07
OM:BRE2 Share Price * OM (2019-07-19) in SEK SEK0.94
Sweden Telecom Industry PB Ratio Median Figure of 6 Publicly-Listed Telecom Companies 2.88x
Sweden Market PB Ratio Median Figure of 573 Publicly-Listed Companies 2.58x
OM:BRE2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:BRE2 Share Price ÷ Book Value per Share (both in SEK)

= 0.94 ÷ 0.07

14.18x

* Primary Listing of Bredband2 i Skandinavien.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bredband2 i Skandinavien is overvalued based on assets compared to the SE Telecom industry average.
X
Value checks
We assess Bredband2 i Skandinavien's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Bredband2 i Skandinavien has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BRE2 Future Performance

 How is Bredband2 i Skandinavien expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bredband2 i Skandinavien expected to grow at an attractive rate?
  • Bredband2 i Skandinavien's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Bredband2 i Skandinavien's earnings growth is expected to exceed the Sweden market average.
  • Bredband2 i Skandinavien's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:BRE2 Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:BRE2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 17.9%
OM:BRE2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.5%
Sweden Telecom Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
Sweden Telecom Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 7.9%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:BRE2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:BRE2 Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 833 1
2022-12-31 820 2
2021-12-31 772 77 52 2
2020-12-31 721 71 46 2
2019-12-31 667 63 37 2
OM:BRE2 Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 616 89 32
2018-12-31 600 79 32
2018-09-30 584 57 32
2018-06-30 565 71 32
2018-03-31 547 73 32
2017-12-31 527 74 31
2017-09-30 510 91 29
2017-06-30 492 76 29
2017-03-31 472 75 28
2016-12-31 451 75 26
2016-09-30 424 74 24
2016-06-30 402 64 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bredband2 i Skandinavien's earnings are expected to grow by 17.9% yearly, however this is not considered high growth (20% yearly).
  • Bredband2 i Skandinavien's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:BRE2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Bredband2 i Skandinavien Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:BRE2 Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.08 0.08 0.07 2.00
2020-12-31 0.07 0.07 0.06 2.00
2019-12-31 0.05 0.05 0.05 2.00
OM:BRE2 Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 0.05
2018-12-31 0.05
2018-09-30 0.05
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.03
2016-06-30 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bredband2 i Skandinavien is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Bredband2 i Skandinavien's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bredband2 i Skandinavien has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BRE2 Past Performance

  How has Bredband2 i Skandinavien performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bredband2 i Skandinavien's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bredband2 i Skandinavien has delivered over 20% year on year earnings growth in the past 5 years.
  • Bredband2 i Skandinavien's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bredband2 i Skandinavien's 1-year earnings growth is negative, it can't be compared to the Europe Telecom industry average.
Earnings and Revenue History
Bredband2 i Skandinavien's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bredband2 i Skandinavien Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:BRE2 Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 615.55 31.76 86.00
2018-12-31 600.03 32.03 85.09
2018-09-30 583.97 32.00 84.75
2018-06-30 564.78 31.79 82.82
2018-03-31 546.86 32.16 79.05
2017-12-31 526.87 31.40 74.85
2017-09-30 509.62 28.94 71.42
2017-06-30 492.18 28.58 69.18
2017-03-31 472.48 27.66 67.39
2016-12-31 451.22 25.94 66.01
2016-09-30 424.50 24.39 65.29
2016-06-30 401.67 20.52 63.76
2016-03-31 382.45 19.10 61.94
2015-12-31 363.87 15.79 60.32
2015-09-30 348.68 15.90 58.26
2015-06-30 331.43 14.70 56.62
2015-03-31 313.62 14.27 55.14
2014-12-31 299.06 14.05 54.02
2014-09-30 286.97 13.12 52.68
2014-06-30 277.06 12.36 49.56
2014-03-31 268.06 11.52 45.19
2013-12-31 258.41 11.19 44.62
2013-09-30 250.40 26.75 45.06
2013-06-30 242.85 26.80 46.87
2013-03-31 234.67 26.79 49.51
2012-12-31 227.39 26.36 48.49
2012-09-30 220.51 8.66 47.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bredband2 i Skandinavien made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Bredband2 i Skandinavien used its assets more efficiently than the SE Telecom industry average last year based on Return on Assets.
  • Bredband2 i Skandinavien has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bredband2 i Skandinavien's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bredband2 i Skandinavien has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BRE2 Health

 How is Bredband2 i Skandinavien's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bredband2 i Skandinavien's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bredband2 i Skandinavien's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bredband2 i Skandinavien's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bredband2 i Skandinavien's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 345.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bredband2 i Skandinavien Company Filings, last reported 3 months ago.

OM:BRE2 Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 46.36 0.00 104.77
2018-12-31 73.21 0.00 125.71
2018-09-30 66.54 0.00 97.90
2018-06-30 56.63 0.00 86.26
2018-03-31 101.82 0.00 72.37
2017-12-31 77.48 0.00 100.66
2017-09-30 119.31 0.00 97.12
2017-06-30 109.12 0.00 75.00
2017-03-31 102.18 0.00 57.02
2016-12-31 115.50 0.00 71.45
2016-09-30 109.88 0.00 54.33
2016-06-30 100.56 0.00 43.21
2016-03-31 95.55 0.00 26.78
2015-12-31 103.58 0.00 35.01
2015-09-30 99.51 0.00 16.38
2015-06-30 94.05 0.00 18.50
2015-03-31 90.48 0.00 10.83
2014-12-31 94.80 0.00 10.14
2014-09-30 90.63 0.00 12.20
2014-06-30 86.37 0.00 2.47
2014-03-31 87.76 27.13 6.45
2013-12-31 87.76 0.00 6.45
2013-09-30 84.52 16.15 4.42
2013-06-30 81.02 24.49 13.08
2013-03-31 78.71 22.34 7.47
2012-12-31 76.57 17.76 1.05
2012-09-30 57.77 23.55 1.79
  • Bredband2 i Skandinavien's level of debt (1.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (30.9% vs 1.4% today).
  • Debt is well covered by operating cash flow (14248.1%, greater than 20% of total debt).
  • Bredband2 i Skandinavien earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Bredband2 i Skandinavien's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bredband2 i Skandinavien has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BRE2 Dividends

 What is Bredband2 i Skandinavien's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.33%
Current annual income from Bredband2 i Skandinavien dividends. Estimated to be 8.88% next year.
If you bought SEK2,000 of Bredband2 i Skandinavien shares you are expected to receive SEK107 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bredband2 i Skandinavien's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.91%).
  • Bredband2 i Skandinavien's dividend is above the markets top 25% of dividend payers in Sweden (4.36%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:BRE2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Telecom Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.1%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:BRE2 Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.09 2.00
2020-12-31 0.09 2.00
2019-12-31 0.08 2.00
OM:BRE2 Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.050 4.867
2019-02-07 0.050 4.297
2018-02-26 0.050 3.725
2017-02-13 0.030 2.873
2016-02-22 0.020 2.379
2016-02-10 0.020 3.182
2015-02-10 0.010 1.799
2015-02-05 0.010 2.165
2014-02-11 0.010 2.296
2014-02-06 0.010 2.440

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Bredband2 i Skandinavien has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Bredband2 i Skandinavien only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Bredband2 i Skandinavien's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Bredband2 i Skandinavien's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bredband2 i Skandinavien afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bredband2 i Skandinavien has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BRE2 Management

 What is the CEO of Bredband2 i Skandinavien's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Krook
COMPENSATION SEK3,484,000
AGE 48
CEO Bio

Mr. Daniel Krook serves as the Chief Executive Officer and Director at Bredband2 i Skandinavien AB.

CEO Compensation
  • Daniel's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Daniel's remuneration is lower than average for companies of similar size in Sweden.
Management Team

Daniel Krook

TITLE
CEO & Director
COMPENSATION
SEK3M
AGE
48

Claes Fägersten

TITLE
Chief Financial Officer
AGE
60

Mikael Kluge

TITLE
Chief Operating Officer

Tobias Bengtsson

TITLE
CTO & Chief Information Officer

Joachim Landhager

TITLE
Head of Sales

Cecilia Kellgren

TITLE
Head of Marketing
Board of Directors

Anders Lövgren

TITLE
Chairman of the Board
COMPENSATION
SEK500K
AGE
73

Daniel Krook

TITLE
CEO & Director
COMPENSATION
SEK3M
AGE
48

Rolf Johansson

TITLE
Director
COMPENSATION
SEK250K
AGE
67

Robert Burén

TITLE
Director
COMPENSATION
SEK250K
AGE
49

Karin Zingmark

TITLE
Director
AGE
45
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
31. Oct 18 Buy Marand Group Ab Company 29. Oct 18 29. Oct 18 2,000,000 SEK1.10 SEK2,200,008
29. Oct 18 Buy Robert Burén Individual 25. Oct 18 29. Oct 18 500,000 SEK1.14 SEK547,244
10. Aug 18 Buy Joachim Landhager Individual 09. Aug 18 10. Aug 18 315,000 SEK1.48 SEK460,915
09. Aug 18 Buy Robert Burén Individual 09. Aug 18 09. Aug 18 400,000 SEK1.43 SEK569,870
31. Jul 18 Buy Robert Burén Individual 27. Jul 18 27. Jul 18 100,000 SEK1.48 SEK145,463
27. Jul 18 Buy Rolf Johansson Individual 27. Jul 18 27. Jul 18 350,000 SEK1.40 SEK490,000
X
Management checks
We assess Bredband2 i Skandinavien's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bredband2 i Skandinavien has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BRE2 News

Simply Wall St News

Should You Be Impressed By Bredband2 i Skandinavien AB (publ)'s (STO:BRE2) ROE?

This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Bredband2 i Skandinavien has a return on equity of 51% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should You Know About Bredband2 i Skandinavien AB (publ)'s (STO:BRE2) Return On Capital?

and want a simplistic look at the return on Bredband2 i Skandinavien AB (publ) (STO:BRE2) stock. … Therefore, looking at how efficiently Bredband2 i Skandinavien is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Did Bredband2 i Skandinavien AB (publ)'s (STO:BRE2) Recent Earnings Growth Beat The Trend?

After looking at Bredband2 i Skandinavien AB (publ)'s (STO:BRE2) latest earnings update (30 June 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. … Did BRE2 beat its long-term earnings growth trend and its industry.

Simply Wall St -

Does Bredband2 i Skandinavien AB (publ)'s (STO:BRE2) PE Ratio Signal A Selling Opportunity?

Bredband2 i Skandinavien AB (publ) (STO:BRE2) is trading with a trailing P/E of 29x, which is higher than the industry average of 17.5x. … While this makes BRE2 appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … See our latest analysis for Bredband2 i Skandinavien

Simply Wall St -

Does The Hype Around Bredband2 i Skandinavien AB (publ)'s (STO:BRE2) Growth Justify Its August Share Price?

Bredband2 i Skandinavien AB (publ) (STO:BRE2) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of SEK1.43 is based on unrealistic expectations. … Check out our latest analysis for Bredband2 i Skandinavien? … Bredband2 i Skandinavien's extremely high growth potential in the near future is attracting investors

Simply Wall St -

What is Behind Bredband2 i Skandinavien AB (publ)'s (STO:BRE2) Superior ROE?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden.

Simply Wall St -

Bredband2 i Skandinavien AB (publ) (STO:BRE2): The Return Story

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Bredband2 i Skandinavien is able to use capital to create earnings will help us understand your potential return. … Bredband2 i Skandinavien's Return On Capital Employed

Simply Wall St -

Bredband2 i Skandinavien AB (publ) (STO:BRE2): Has Recent Earnings Growth Beaten Long-Term Trend?

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … Investors may find my commentary, albeit very high-level and brief, on Bredband2 i Skandinavien AB (publ) (STO:BRE2) useful as an attempt to give more color around how Bredband2 i Skandinavien is currently performing. … Did BRE2's recent earnings growth beat the long-term trend and the industry.

Simply Wall St -

Bullish Bredband2 i Skandinavien AB (publ) (STO:BRE2) Insiders Ramp Up Investment In Stock

large-cap stocks … It is widely considered that insider buying stock in their own companies is potentially a bullish signal … A two-decade research published in The MIT Press (1998) showed that stocks following insider buying outperformed the market by 4.5%.

Simply Wall St -

Spotlight On Bredband2 i Skandinavien AB (publ)'s (OM:BRE2) Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Bredband2 i Skandinavien AB (publ) (OM:BRE2) due to its excellent fundamentals in more than one area.

Simply Wall St -

BRE2 Company Info

Description

Bredband2 i Skandinavien AB (publ) provides communication services to individuals and businesses in Sweden. The company offers Internet, data center, mobile broadband, telephony, antivirus and firewall, connectivity, VPN, redundancy, and digital TV services; customized IT solutions for companies in the field of fiber, phones, and colocation; and backup, video conferencing, security, switching, and cloud services, as well as video, telephone, and virtual meeting services. It provides Internet services to approximately 225,000 broadband customers. The company was founded in 1989 and is based in Malmö, Sweden.

Details
Name: Bredband2 i Skandinavien AB (publ)
BRE2
Exchange: OM
Founded: 1989
SEK657,539,544
701,001,647
Website: http://www.bredband2.com
Address: Bredband2 i Skandinavien AB (publ)
Box 557,
Malmö,
Skåne County, 201 25,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BRE2 Class B Shares OMX Nordic Exchange Stockholm SE SEK 14. Dec 2001
Number of employees
Current staff
Staff numbers
0
Bredband2 i Skandinavien employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 20:53
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.