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Bufab

DB:29B
Snowflake Description

Acceptable track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
29B
DB
SEK4B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Bufab AB (publ) operates as a trading company that provides solutions for sourcing, quality control, and logistics for C-parts in Sweden and internationally. The last earnings update was 19 days ago. More info.


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29B Share Price and Events
7 Day Returns
9.4%
DB:29B
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
18.2%
DB:29B
6.9%
DE Trade Distributors
9%
DE Market
29B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bufab (29B) 9.4% 21.2% 25.3% 18.2% - -
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • 29B outperformed the Trade Distributors industry which returned 6.9% over the past year.
  • 29B outperformed the Market in Germany which returned 9% over the past year.
Price Volatility
29B
Industry
5yr Volatility vs Market

29B Value

 Is Bufab 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 Bufab 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 Bufab.

DB:29B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:29B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 22%) (46.32%))
1.197
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.197 * 5.96%)
7.36%

Discounted Cash Flow Calculation for DB:29B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bufab 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:29B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.36%)
2020 267.00 Analyst x1 248.69
2021 258.00 Analyst x1 223.83
2022 252.48 Est @ -2.14% 204.01
2023 248.87 Est @ -1.43% 187.31
2024 246.54 Est @ -0.93% 172.83
2025 245.10 Est @ -0.58% 160.04
2026 244.27 Est @ -0.34% 148.56
2027 243.85 Est @ -0.17% 138.13
2028 243.73 Est @ -0.05% 128.59
2029 243.81 Est @ 0.03% 119.82
Present value of next 10 years cash flows SEK1,731.00
DB:29B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK243.81 × (1 + 0.23%) ÷ (7.36% – 0.23%)
SEK3,424.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK3,424.99 ÷ (1 + 7.36%)10
SEK1,683.15
DB:29B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK1,731.00 + SEK1,683.15
SEK3,414.15
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK3,414.15 / 37.47
SEK91.12
DB:29B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:29B represents 0.09227x of OM:BUFAB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09227x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 91.12 x 0.09227
€8.41
Value per share (EUR) From above. €8.41
Current discount Discount to share price of €10.74
= -1 x (€10.74 - €8.41) / €8.41
-27.7%

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

  • The current share price of Bufab is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Bufab's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bufab's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:29B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK7.38
OM:BUFAB Share Price ** OM (2019-11-13) in SEK SEK116.4
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

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

** Primary Listing of Bufab.

DB:29B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 116.4 ÷ 7.38

15.77x

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

  • Bufab is good value based on earnings compared to the DE Trade Distributors industry average.
  • Bufab is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bufab's expected growth come at a high price?
Raw Data
DB:29B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
10.8%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:29B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.77x ÷ 10.8%

1.45x

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

  • Bufab is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bufab's assets?
Raw Data
DB:29B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK46.39
OM:BUFAB Share Price * OM (2019-11-13) in SEK SEK116.4
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:29B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 116.4 ÷ 46.39

2.51x

* Primary Listing of Bufab.

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

  • Bufab is overvalued based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Bufab'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Bufab 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.

29B Future Performance

 How is Bufab expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
10.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bufab expected to grow at an attractive rate?
  • Bufab's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bufab's earnings growth is positive but not above the Germany market average.
  • Bufab's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:29B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:29B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 10.8%
DB:29B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.9%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:29B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:29B Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,014 333 347 1
2020-12-31 4,810 339 310 1
2019-12-31 4,370 316 276 1
2019-11-13
DB:29B Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 4,189 331 276
2019-06-30 4,041 241 268
2019-03-31 3,932 160 264
2018-12-31 3,786 131 255
2018-09-30 3,648 145 245
2018-06-30 3,488 127 239
2018-03-31 3,331 130 226
2017-12-31 3,201 151 213
2017-09-30 3,072 76 169
2017-06-30 3,005 122 171
2017-03-31 2,944 198 176
2016-12-31 2,847 197 163

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bufab's earnings are expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).
  • Bufab's revenue is expected to grow by 7.9% 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
DB:29B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Bufab Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:29B Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 9.26 9.26 9.26 1.00
2020-12-31 8.28 8.28 8.28 1.00
2019-12-31 7.36 7.36 7.36 1.00
2019-11-13
DB:29B Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 7.38
2019-06-30 7.15
2019-03-31 7.05
2018-12-31 6.79
2018-09-30 6.50
2018-06-30 6.33
2018-03-31 5.96
2017-12-31 5.61
2017-09-30 4.45
2017-06-30 4.49
2017-03-31 4.62
2016-12-31 4.28

*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.
  • Bufab is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bufab'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Bufab has a total score of 2/6, 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.

29B Past Performance

  How has Bufab 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 Bufab's growth in the last year to its industry (Trade Distributors).
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.
  • Bufab's year on year earnings growth rate has been positive over the past 5 years.
  • Bufab's 1-year earnings growth is less than its 5-year average (12.7% vs 18.7%)
  • Bufab's earnings growth has exceeded the DE Trade Distributors industry average in the past year (12.7% vs 8.4%).
Earnings and Revenue History
Bufab'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 Bufab Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:29B Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,189.00 276.00 776.00
2019-06-30 4,041.00 268.00 760.00
2019-03-31 3,932.00 264.00 744.00
2018-12-31 3,786.00 255.00 729.00
2018-09-30 3,648.00 245.00 704.00
2018-06-30 3,488.00 239.00 668.00
2018-03-31 3,331.00 226.00 636.00
2017-12-31 3,201.00 213.00 609.00
2017-09-30 3,072.00 169.00 592.00
2017-06-30 3,005.00 171.00 576.00
2017-03-31 2,944.00 176.00 563.00
2016-12-31 2,847.00 163.00 550.00
2016-09-30 2,759.00 174.00 525.00
2016-06-30 2,668.00 160.00 505.00
2016-03-31 2,567.00 141.00 487.00
2015-12-31 2,458.00 125.00 471.00
2015-09-30 2,378.00 126.00 447.00
2015-06-30 2,337.00 124.00 444.00
2015-03-31 2,255.00 128.00 440.00
2014-12-31 2,198.00 112.00 451.00
2014-09-30 2,179.00 130.00 452.00
2014-06-30 2,133.00 129.00 434.00
2014-03-31 2,088.00 125.00 424.00
2013-12-31 2,031.00 131.00 393.00
2012-12-31 2,034.00 29.00 422.00

*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.
  • Bufab has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bufab used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Bufab's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bufab'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 Trade Distributors 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.
Bufab has a total score of 3/6, 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.

29B Health

 How is Bufab'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 Bufab's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bufab is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bufab's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bufab'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x 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 Bufab Company Filings, last reported 1 month ago.

DB:29B Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,733.00 2,020.00 179.00
2019-06-30 1,683.00 1,715.00 152.00
2019-03-31 1,703.00 1,664.00 154.00
2018-12-31 1,600.00 1,276.00 144.00
2018-09-30 1,549.00 1,296.00 187.00
2018-06-30 1,515.00 1,307.00 185.00
2018-03-31 1,552.00 1,153.00 124.00
2017-12-31 1,416.00 1,090.00 120.00
2017-09-30 1,339.00 1,039.00 103.00
2017-06-30 1,333.00 1,005.00 102.00
2017-03-31 1,358.00 946.00 130.00
2016-12-31 1,297.00 916.00 122.00
2016-09-30 1,295.00 919.00 128.00
2016-06-30 1,232.00 970.00 121.00
2016-03-31 1,233.00 985.00 106.00
2015-12-31 1,183.00 946.00 107.00
2015-09-30 1,189.00 715.00 103.00
2015-06-30 1,155.00 749.00 86.00
2015-03-31 1,181.00 748.00 94.00
2014-12-31 1,147.00 624.00 128.00
2014-09-30 1,121.00 686.00 94.00
2014-06-30 1,085.00 690.00 79.00
2014-03-31 1,031.00 698.00 76.00
2013-12-31 1,012.00 659.00 98.00
2012-12-31 876.00 776.00 88.00
  • Bufab's level of debt (116%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (59.2% vs 116% today).
  • Debt is not well covered by operating cash flow (16.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.4x coverage).
X
Financial health checks
We assess Bufab'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. Bufab has a total score of 3/6, 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.

29B Dividends

 What is Bufab'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
2.15%
Current annual income from Bufab dividends. Estimated to be 2.84% next year.
If you bought €2,000 of Bufab shares you are expected to receive €43 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?
  • Bufab's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Bufab's dividend is below the markets top 25% of dividend payers in Germany (3.64%).
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
DB:29B 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 1 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:29B Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.60 1.00
2020-12-31 3.30 1.00
2019-12-31 3.00 1.00
2019-11-13
DB:29B Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-25 2.500 2.411
2019-02-08 2.500 2.488
2018-03-22 2.250 2.211
2017-03-24 2.000 1.988
2016-03-31 1.700 2.467
2015-03-27 1.500 3.006
2015-02-20 1.500 2.946

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

  • Whilst dividend payments have been stable, Bufab has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Bufab only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Bufab's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Bufab's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Bufab afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bufab has a total score of 3/6, see the detailed checks below.


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

29B Management

 What is the CEO of Bufab'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
Jörgen Rosengren
COMPENSATION SEK7,000,000
AGE 52
TENURE AS CEO 7.8 years
CEO Bio

Mr. Jörgen Rosengren has been the Chief Executive Officer at Bufab AB (publ) since 2012. Mr. Rosengren has been employed by the Husqvarna Group since 2004, as Global Head of its handheld products, e g chainsaws. He held different positions within Electrolux and McKinsey & Company, as well as Philips Electronics in the Netherlands. He is President at Bufab AB (publ) since 2012 and also served as its Regional Director of South from August 18, 2016 to April 26, 2017. He served as a Director of Bufab AB (publ) from 2012 to April 26, 2017. He has been an Independent Director of OEM International AB (publ) since April 19, 2017. Mr. Rosengren holds M.Sc. in Electrical Engineering from Lund University of Technology in the year 1989 to 1993. He earned a Degree in Germanic Languages, Literatures, and Linguistics from University of Cincinnati and Lund University in the year 1988 to 1989 and 1987 to 1988 respectively.

CEO Compensation
  • Jörgen's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jörgen's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Bufab management team in years:

3.3
Average Tenure
51
Average Age
  • The tenure for the Bufab management team is about average.
Management Team

Jörgen Rosengren

TITLE
President & CEO
COMPENSATION
SEK7M
AGE
52
TENURE
7.8 yrs

Marcus Andersson

TITLE
Chief Financial Officer
AGE
36
TENURE
2 yrs

Jesper Blomquist

TITLE
Chief Operating Officer
AGE
51
TENURE
6.8 yrs

Terece Hjerpe

TITLE
Global HR Director
TENURE
0.8 yrs

Jaroslaw Bazeli

TITLE
MD of Bufab Poland & Regional Director of East

Jörn Maurer

TITLE
MD of Bufab Germany & Regional Director of Central

Willy Einungbrekke

TITLE
MD of Bufab Norge & Director of UK
TENURE
3.3 yrs

Mathias Torstensson

TITLE
MD of Bufab Shanghai & Regional Director of Asia Pacific

Andreas Algerbo

TITLE
Managing Director of Bufab Kit

Niclas Mårtensson

TITLE
MD of Bufab Lann & Regional Director of North
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Bufab board of directors in years:

4.5
Average Tenure
55
Average Age
  • The tenure for the Bufab board of directors is about average.
Board of Directors

Sven-Olof Kulldorff

TITLE
Chairman
COMPENSATION
SEK400K
AGE
65
TENURE
13.1 yrs

Hans Björstrand

TITLE
Senior Advisor & Director
COMPENSATION
SEK200K
AGE
69
TENURE
13.8 yrs

Johan Sjö

TITLE
Director
COMPENSATION
SEK200K
AGE
52
TENURE
0.8 yrs

Johanna Hagelberg

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
47
TENURE
4.5 yrs

Eva Nilsagård

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
55
TENURE
4.5 yrs

Bengt Liljedahl

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
72
TENURE
3.8 yrs

Anna Liljedahl

TITLE
Director
AGE
45
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Aug 19 Buy Liljedahl Group AB Company 26. Aug 19 26. Aug 19 100,000 €8.87 €886,791
25. Feb 19 Buy Bengt Liljedahl Individual 21. Feb 19 21. Feb 19 750,000 €9.43 €7,069,175
X
Management checks
We assess Bufab'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. Bufab 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.

29B News

Simply Wall St News

29B Company Info

Description

Bufab AB (publ) operates as a trading company that provides solutions for sourcing, quality control, and logistics for C-parts in Sweden and internationally. The company offers metal or plastic fasteners, such as screws, bolts, nuts, rivets, pins, washers, etc.; and other small metal, rubber, or plastic parts, including cables, springs, and electronic fasteners. The company also offers stainless steel bolts under the BUMAX brand name; and special products, such as access hardware, cold formed parts, die cast parts, electrical, machined parts, magnets, plastic parts rubber parts, stamping and pressing, tools and equipment, and turned parts. In addition, it provides assembled parts, add on products, and special packaging and kitting solutions. Further, the company offers supply chain services. It serves engineering, aerospace, telecom, agricultural, automotive, industrial construction, furniture, offshore, and railway industries. The company was formerly known as Bufab Holding AB (publ) and changed its name to Bufab AB (publ) in June 2015. Bufab AB (publ) was founded in 1977 and is headquartered in Värnamo, Sweden.

Details
Name: Bufab AB (publ)
29B
Exchange: DB
Founded: 1977
SEK407,761,207
37,467,733
Website: http://www.bufab.com
Address: Bufab AB (publ)
Stenfalksvägen 1,
Värnamo,
Jönköping County, 331 41,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BUFAB Common Shares OMX Nordic Exchange Stockholm SE SEK 21. Feb 2014
DB 29B Common Shares Deutsche Boerse AG DE EUR 21. Feb 2014
LSE 0QRA Common Shares London Stock Exchange GB SEK 21. Feb 2014
BATS-CHIXE BUFABs Common Shares BATS 'Chi-X Europe' GB SEK 21. Feb 2014
Number of employees
Current staff
Staff numbers
1,355
Bufab employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 22:08
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/10/31
Last earnings filing: 2019/10/25
Last earnings reported: 2019/09/30
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.