Recent Insider Transactions • Apr 28
Independent Director recently bought kr357k worth of stock On the 24th of April, Eva Nilsagard bought around 3k shares on-market at roughly kr119 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Apr 24
Bufab AB (Publ) Elects Christer Wahlquist to the Board Bufab AB (publ)at its Annual General Meeting (AGM) held on 23 April 2026 approved new election of Christer Wahlquist, all for the period until the close of the next Annual General Meeting. Upcoming Dividend • Apr 17
Upcoming dividend of Sk1.30 per share Eligible shareholders must have bought the stock before 24 April 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.5%). Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: kr3.30 (vs kr2.91 in FY 2024) Full year 2025 results: EPS: kr3.30 (up from kr2.91 in FY 2024). Revenue: kr8.07b (flat on FY 2024). Net income: kr626.0m (up 14% from FY 2024). Profit margin: 7.8% (up from 6.9% in FY 2024). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Declared Dividend • Feb 08
Dividend of Sk1.30 announced Shareholders will receive a dividend of Sk1.30. Ex-date: 24th April 2026 Payment date: 30th April 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 39%. Cash payout ratio: 30%. Reported Earnings • Feb 06
Full year 2025 earnings released: EPS: kr3.30 (vs kr2.91 in FY 2024) Full year 2025 results: EPS: kr3.30 (up from kr2.91 in FY 2024). Revenue: kr8.07b (flat on FY 2024). Net income: kr626.0m (up 14% from FY 2024). Profit margin: 7.8% (up from 6.9% in FY 2024). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Duyuru • Feb 06
Bufab AB (publ) announces Annual dividend, payable on April 30, 2026 Bufab AB (publ) announced Annual dividend of SEK 1.3000 per share payable on April 30, 2026, ex-date on April 24, 2026 and record date on April 27, 2026. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: kr0.75 (vs kr0.77 in 3Q 2024) Third quarter 2025 results: EPS: kr0.75 (down from kr0.77 in 3Q 2024). Revenue: kr1.92b (up 2.0% from 3Q 2024). Net income: kr142.0m (down 2.7% from 3Q 2024). Profit margin: 7.4% (down from 7.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Duyuru • Oct 08
Bufab AB (publ), Annual General Meeting, Apr 23, 2026 Bufab AB (publ), Annual General Meeting, Apr 23, 2026. Location: varnamo Sweden Reported Earnings • Jul 16
Second quarter 2025 earnings released: EPS: kr0.80 (vs kr0.79 in 2Q 2024) Second quarter 2025 results: EPS: kr0.80 (up from kr0.79 in 2Q 2024). Revenue: kr2.04b (down 4.8% from 2Q 2024). Net income: kr151.0m (up 1.3% from 2Q 2024). Profit margin: 7.4% (up from 7.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jun 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.2% to kr89.48. The fair value is estimated to be kr74.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 2.7%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. New Risk • May 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (66% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (kr12m sold). Upcoming Dividend • Apr 18
Upcoming dividend of kr5.25 per share Eligible shareholders must have bought the stock before 25 April 2025. Payment date: 02 May 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (2.8%). Duyuru • Apr 10
Pär Ihrskog to Step Down as Bufab CFO Pär Ihrskog, CFO, has decided to leave Bufab to take on new challenges. Pär will remain in his current role until October 2025. The process to recruit a successor will begin immediately. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: kr14.55 (vs kr15.18 in FY 2023) Full year 2024 results: EPS: kr14.55 (down from kr15.18 in FY 2023). Revenue: kr8.04b (down 7.4% from FY 2023). Net income: kr551.0m (down 4.0% from FY 2023). Profit margin: 6.9% (up from 6.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Recent Insider Transactions • Feb 18
Insider recently sold kr12m worth of stock On the 14th of February, Johan Sandberg sold around 25k shares on-market at roughly kr474 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr13m more than they bought in the last 12 months. Declared Dividend • Feb 09
Dividend increased to kr5.25 Dividend of kr5.25 is 5.0% higher than last year. Ex-date: 25th April 2025 Payment date: 2nd May 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 19%. Reported Earnings • Feb 07
Full year 2024 earnings released: EPS: kr14.55 (vs kr15.18 in FY 2023) Full year 2024 results: EPS: kr14.55 (down from kr15.18 in FY 2023). Revenue: kr8.04b (down 7.4% from FY 2023). Net income: kr551.0m (down 4.0% from FY 2023). Profit margin: 6.9% (up from 6.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • Feb 06
Bufab AB (publ) Proposes Dividend for the Year 2024, Payable on 2 May 2025 The Board of Directors proposes a dividend of SEK 5.25 (5.00) per share for 2024, corresponding to a total dividend of SEK 199 million (190). The proposed record date is 28 April 2025 and the expected payment date is 2 May 2025, with the share being traded without entitlement to a dividend as of 25 April 2025. Duyuru • Nov 26
Bufab AB (publ) (OM:BUFAB) acquired Vital S.p.A. from the family for €54.1 million. Bufab AB (publ) (OM:BUFAB) acquired Vital S.p.A. from the family for €54.1 million on November 26, 2024. The consideration consists of €31.9 million on a cash-free and debt-free basis. In addition, a deferred purchase price of circa €11 million will be paid in two instalments in 2025 and 2026, and, a performance-based additional earn-out payment of a maximum €11.2 million may occur in 2025, 2026, 2027 and 2028 conditional on improved operating profit. The acquisition will be financed by Bufab's existing credit facility. Vital has in recent years achieved excellent growth and profit. It has 57 employees and net sales of €48 million in 2023, with an operating profit margin above Bufab’s 2026 profitability target. Vital will continue to be led by founders' sons.
Bufab AB (publ) (OM:BUFAB) completed the acquisition of Vital S.p.A. from the family on November 26, 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: kr3,855 (vs kr2.59 in 3Q 2023) Third quarter 2024 results: EPS: kr3,855 (up from kr2.59 in 3Q 2023). Revenue: kr1.88b (down 9.2% from 3Q 2023). Net income: kr146.0m (up 49% from 3Q 2023). Profit margin: 7.8% (up from 4.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Buy Or Sell Opportunity • Oct 25
Now 25% overvalued Over the last 90 days, the stock has fallen 9.7% to kr396. The fair value is estimated to be kr318, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 4.2% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Duyuru • Oct 17
Bufab AB (publ), Annual General Meeting, Apr 24, 2025 Bufab AB (publ), Annual General Meeting, Apr 24, 2025. Location: varnamo Sweden Buy Or Sell Opportunity • Sep 24
Now 23% overvalued Over the last 90 days, the stock has fallen 7.5% to kr360. The fair value is estimated to be kr293, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 1.0% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr343, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr292 per share. Recent Insider Transactions • Sep 02
Independent Director recently bought kr1.1m worth of stock On the 30th of August, Bertil Persson bought around 3k shares on-market at roughly kr432 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr4.7m more in shares than they bought in the last 12 months. Reported Earnings • Jul 12
Second quarter 2024 earnings released: EPS: kr3.94 (vs kr5.43 in 2Q 2023) Second quarter 2024 results: EPS: kr3.94 (down from kr5.43 in 2Q 2023). Revenue: kr2.14b (down 6.1% from 2Q 2023). Net income: kr149.0m (down 27% from 2Q 2023). Profit margin: 7.0% (down from 9.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Duyuru • Jul 11
Bufab AB (publ) to Report Q4, 2024 Results on Feb 06, 2025 Bufab AB (publ) announced that they will report Q4, 2024 results on Feb 06, 2025 Duyuru • Apr 27
Bufab AB (Publ) Approves the Proposal of Dividend, Payable on 3 May 2024 Bufab AB (publ) at its AGM held on April 25, 2024, approved the proposal for appropriation of the company's profit. The dividend was determined to SEK 5.00 per share, with 29 April 2024 as the record date. The estimated date for payment of the dividend is 3 May 2024. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr3.83 (vs kr5.33 in 1Q 2023) First quarter 2024 results: EPS: kr3.83 (down from kr5.33 in 1Q 2023). Revenue: kr2.15b (down 9.9% from 1Q 2023). Net income: kr145.0m (down 28% from 1Q 2023). Profit margin: 6.7% (down from 8.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Upcoming Dividend • Apr 19
Upcoming dividend of kr5.00 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (2.1%). Declared Dividend • Apr 01
Final dividend of kr5.00 announced Shareholders will receive a dividend of kr5.00. Ex-date: 26th April 2024 Payment date: 3rd May 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 14%. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: kr15.18 (vs kr16.22 in FY 2022) Full year 2023 results: EPS: kr15.18 (down from kr16.22 in FY 2022). Revenue: kr8.68b (up 3.0% from FY 2022). Net income: kr574.0m (down 5.7% from FY 2022). Profit margin: 6.6% (down from 7.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 25% per year. Recent Insider Transactions • Mar 23
Insider recently sold kr2.4m worth of stock On the 19th of March, Johan Sandberg sold around 6k shares on-market at roughly kr384 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth kr3.4m. Insiders have been net sellers, collectively disposing of kr5.8m more than they bought in the last 12 months. Duyuru • Mar 22
Bufab AB (Publ) Proposes Dividend for the Financial Year 2023 The Board of Directors of Bufab AB (publ) proposed a dividend for the financial year 2023 of SEK 5.00 per share. The Board of Director proposed 29 April 2024 as record date for the dividend. If the Annual General Meeting resolves in accordance with the Board of Directors' proposal, the estimateddate for payment of the dividend from Euroclear Sweden AB to those who are recorded in the share register on the record date, is 3 May 2024. Recent Insider Transactions • Feb 17
Insider recently sold kr3.4m worth of stock On the 14th of February, Jörn Maurer sold around 9k shares on-market at roughly kr380 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: kr15.18 (vs kr16.22 in FY 2022) Full year 2023 results: EPS: kr15.18 (down from kr16.22 in FY 2022). Revenue: kr8.68b (up 3.0% from FY 2022). Net income: kr574.0m (down 5.7% from FY 2022). Profit margin: 6.6% (down from 7.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year. Duyuru • Feb 09
Bufab AB (Publ) Proposes Dividend for the Year 2023, Payable on 3 May 2024 The Board of Directors of Bufab AB (publ) proposed a dividend of SEK 5.00 (4.75) per share for 2023, corresponding to a total dividend of SEK 190 million (180). The proposed record date is 29 April 2024 and the expected payment date for the dividend is 3 May 2024, with the share being traded without entitlement to a dividend as of 26 April 2024. Duyuru • Dec 07
Bufab AB (publ) Announces Dividend Policy Bufab AB (publ) announced a dividend policy of 30-60 percent of annual net profit. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: kr2.59 (vs kr4.71 in 3Q 2022) Third quarter 2023 results: EPS: kr2.59 (down from kr4.71 in 3Q 2022). Revenue: kr2.07b (down 2.4% from 3Q 2022). Net income: kr98.0m (down 45% from 3Q 2022). Profit margin: 4.7% (down from 8.3% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 26% per year. Upcoming Dividend • Oct 16
Upcoming dividend of kr2.25 per share at 1.8% yield Eligible shareholders must have bought the stock before 23 October 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (6.5%). Lower than average of industry peers (2.3%). Buying Opportunity • Oct 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be kr336, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 5.6% in 2 years. Earnings is forecast to grow by 9.1% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr294, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 153% over the past three years. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr5.43 (vs kr3.52 in 2Q 2022) Second quarter 2023 results: EPS: kr5.43 (up from kr3.52 in 2Q 2022). Revenue: kr2.28b (up 1.7% from 2Q 2022). Net income: kr205.0m (up 55% from 2Q 2022). Profit margin: 9.0% (up from 5.9% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 39% per year. Duyuru • Jun 15
Bufab AB (publ) Announces CFO Changes, Effective August 14, 2023 Bufab AB (publ) has appointed Pär Ihrskog as Chief Financial Officer (CFO). He will take up his position on August 14, 2023. Pär Ihrskog has a long and successful leadership career within the SKF Group and throughout his tenure with the SKF, Pär has worked in various countries and positions including serving as Head of Group Business Controlling. Most recently, Pär held the position as Group CFO/CIO for the Embellence Group listed on Nasdaq First North. Pär has a degree as MSc from the Gothenburg School of Economics in Sweden. Pär will be part of Bufab Groups Executive Management Team and report to the CEO. He will assume his role on August 14, 2023. In the interim, Frederick Neely will continue to serve as the acting CFO until Pär assumes his responsibilities as Bufab's new CFO. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Per-Arne Blomquist Curt was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to kr330, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 313% over the past three years. Reported Earnings • Apr 20
First quarter 2023 earnings released: EPS: kr5.33 (vs kr4.43 in 1Q 2022) First quarter 2023 results: EPS: kr5.33 (up from kr4.43 in 1Q 2022). Revenue: kr2.39b (up 19% from 1Q 2022). Net income: kr201.0m (up 21% from 1Q 2022). Profit margin: 8.4% (up from 8.3% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 14
Upcoming dividend of kr2.50 per share at 1.8% yield Eligible shareholders must have bought the stock before 21 April 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.1%). Buying Opportunity • Apr 06
Now 20% undervalued Over the last 90 days, the stock is up 9.3%. The fair value is estimated to be kr327, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 8.2% per annum over the same time period. Buying Opportunity • Mar 15
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be kr326, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 8.2% per annum over the same time period. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: kr16.22 (vs kr12.56 in FY 2021) Full year 2022 results: EPS: kr16.22 (up from kr12.56 in FY 2021). Revenue: kr8.43b (up 43% from FY 2021). Net income: kr609.0m (up 30% from FY 2021). Profit margin: 7.2% (down from 8.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 09
Bufab AB (Publ) Proposes Dividend for the Year 2022 Bufab AB (publ) Board of Directors proposed dividend of SEK 4.75 per share for the year 2022 compared to SEK 3.75 per share a year ago. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: kr4.71 (vs kr2.99 in 3Q 2021) Third quarter 2022 results: EPS: kr4.71 (up from kr2.99 in 3Q 2021). Revenue: kr2.12b (up 49% from 3Q 2021). Net income: kr177.0m (up 58% from 3Q 2021). Profit margin: 8.3% (up from 7.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Trade Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 33% per year. Duyuru • Oct 27
Bufab AB (publ) to Report Q3, 2023 Results on Oct 26, 2023 Bufab AB (publ) announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Jul 14
Second quarter 2022 earnings released: EPS: kr3.52 (vs kr3.31 in 2Q 2021) Second quarter 2022 results: EPS: kr3.52 (up from kr3.31 in 2Q 2021). Revenue: kr2.24b (up 57% from 2Q 2021). Net income: kr132.0m (up 6.5% from 2Q 2021). Profit margin: 5.9% (down from 8.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 7.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr273, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 154% over the past three years. Recent Insider Transactions • May 13
Insider recently sold kr966k worth of stock On the 6th of May, Urban Bülow sold around 3k shares on-market at roughly kr302 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buying Opportunity • Apr 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be kr395, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 23% in a year. Earnings is forecast to grow by 25% in the next year. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: kr4.43 (vs kr3.19 in 1Q 2021) First quarter 2022 results: EPS: kr4.43 (up from kr3.19 in 1Q 2021). Revenue: kr2.00b (up 41% from 1Q 2021). Net income: kr166.0m (up 40% from 1Q 2021). Profit margin: 8.3% (down from 8.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.0%, compared to a 8.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 15
Upcoming dividend of kr3.75 per share Eligible shareholders must have bought the stock before 22 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (1.7%). Buying Opportunity • Apr 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be kr412, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 30% in the next 2 years. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: kr12.56 (vs kr8.04 in FY 2020) Full year 2021 results: EPS: kr12.56 (up from kr8.04 in FY 2020). Revenue: kr5.88b (up 24% from FY 2020). Net income: kr470.0m (up 57% from FY 2020). Profit margin: 8.0% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 8.8% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Mar 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be kr413, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. Earnings per share has grown by 21% per annum over the last 3 years. Buying Opportunity • Mar 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be kr401, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. Earnings per share has grown by 21% per annum over the last 3 years. Buying Opportunity • Feb 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be kr422, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. Earnings per share has grown by 21% per annum over the last 3 years. Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr12.56 (up from kr8.04 in FY 2020). Revenue: kr5.88b (up 24% from FY 2020). Net income: kr470.0m (up 57% from FY 2020). Profit margin: 8.0% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 11%, compared to a 5.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr386, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 335% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS kr2.99 (vs kr2.45 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr1.43b (up 21% from 3Q 2020). Net income: kr112.0m (up 23% from 3Q 2020). Profit margin: 7.9% (up from 7.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Oct 07
Executive Officer Jorgen Rosengren has left the company On the 30th of September, Jorgen Rosengren was replaced as CEO by Johan Lindqvist. As of June 2021, Jorgen still personally held 335.45k shares (kr80m worth at the time). Jorgen is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.92 years. Reported Earnings • Jul 15
Second quarter 2021 earnings released: EPS kr3.31 (vs kr1.24 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr1.43b (up 40% from 2Q 2020). Net income: kr124.0m (up 170% from 2Q 2020). Profit margin: 8.7% (up from 4.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 18% share price gain to kr280, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 169% over the past three years. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS kr3.19 (vs kr2.31 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr1.42b (up 8.1% from 1Q 2020). Net income: kr119.0m (up 38% from 1Q 2020). Profit margin: 8.4% (up from 6.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 14
Upcoming dividend of kr2.75 per share Eligible shareholders must have bought the stock before 21 April 2021. Payment date: 27 April 2021. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (4.2%). In line with average of industry peers (1.3%). Reported Earnings • Mar 26
Full year 2020 earnings released: EPS kr8.04 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr4.76b (up 9.4% from FY 2019). Net income: kr299.0m (up 18% from FY 2019). Profit margin: 6.3% (up from 5.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 15
New 90-day high: kr215 The company is up 49% from its price of kr144 on 17 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 13% over the same period. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS kr8.04 (vs kr6.77 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr4.76b (up 9.4% from FY 2019). Net income: kr299.0m (up 18% from FY 2019). Profit margin: 6.3% (up from 5.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 6.0%, compared to a 4.5% growth forecast for the Trade Distributors industry in the United Kingdom. Is New 90 Day High Low • Jan 07
New 90-day high: kr203 The company is up 46% from its price of kr139 on 06 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 19
New 90-day high: kr183 The company is up 44% from its price of kr127 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market pulls back on stock over the past week After last week's 29% share price decline to kr120, the stock is trading at a trailing P/E ratio of 23.7x, down from the previous P/E ratio of 33.1x. This compares to an average P/E of 22x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders over the past three years are 21%. Valuation Update With 7 Day Price Move • Dec 07
Market pulls back on stock over the past week After last week's 27% share price decline to kr120, the stock is trading at a trailing P/E ratio of 24x, down from the previous P/E ratio of 33x. This compares to an average P/E of 22x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders over the past three years are 22%. Valuation Update With 7 Day Price Move • Nov 30
Market pulls back on stock over the past week After last week's 31% share price decline to kr120, the stock is trading at a trailing P/E ratio of 24.4x, down from the previous P/E ratio of 35.6x. This compares to an average P/E of 22x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders over the past three years are 19%. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 17% share price gain to kr167, the stock is trading at a trailing P/E ratio of 23.3x, up from the previous P/E ratio of 19.8x. This compares to an average P/E of 21x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders over the past three years are 78%. Valuation Update With 7 Day Price Move • Nov 13
Market pulls back on stock over the past week After last week's 18% share price decline to kr120, the stock is trading at a trailing P/E ratio of 19.8x, down from the previous P/E ratio of 24x. This compares to an average P/E of 21x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders over the past three years are 31%. 