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Bong

DB:20L
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
20L
DB
SEK145M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Bong AB (publ) manufactures and sells specialty packaging and envelope products. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • Bong has significant price volatility in the past 3 months.
20L Share Price and Events
7 Day Returns
-22.7%
DB:20L
-0.5%
DE Commercial Services
2.2%
DE Market
1 Year Returns
-43.3%
DB:20L
-32%
DE Commercial Services
-17.2%
DE Market
20L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bong (20L) -22.7% -39.5% -47.6% -43.3% - -
DE Commercial Services -0.5% -22% -34% -32% -33.4% -44.1%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 20L underperformed the Commercial Services industry which returned -32% over the past year.
  • 20L underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
20L
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Bong 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 Bong 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 Bong.

DB:20L 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 7.9%
Perpetual Growth Rate 10-Year DE 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 DB:20L
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 22%) (252.36%))
1.531
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.53
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.531 * 5.44%)
7.94%

Discounted Cash Flow Calculation for DB:20L using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bong 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:20L DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.94%)
2020 108.00 Analyst x1 100.05
2021 117.00 Analyst x1 100.42
2022 111.00 Analyst x1 88.26
2023 107.11 Est @ -3.51% 78.90
2024 104.35 Est @ -2.57% 71.21
2025 102.35 Est @ -1.92% 64.71
2026 100.85 Est @ -1.46% 59.07
2027 99.71 Est @ -1.14% 54.10
2028 98.79 Est @ -0.91% 49.67
2029 98.05 Est @ -0.76% 45.66
Present value of next 10 years cash flows SEK712.00
DB:20L DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK98.05 × (1 + -0.39%) ÷ (7.94% – -0.39%)
SEK1,172.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK1,172.33 ÷ (1 + 7.94%)10
SEK546.00
DB:20L Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK712.00 + SEK546.00
SEK1,258.00
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK1,258.00 / 211.21
SEK5.96
DB:20L Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:20L represents 0.04448x of OM:BONG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04448x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 5.96 x 0.04448
€0.26
Value per share (EUR) From above. €0.26
Current discount Discount to share price of €0.03
= -1 x (€0.03 - €0.26) / €0.26
88.4%

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

Current Discount
Amount off the current price Bong is available for.
Intrinsic value
>50%
Share price is €0.0306 vs Future cash flow value of €0.26492
Current Discount Checks
For Bong to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bong's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bong's share price is below the future cash flow value, and 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 Bong's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bong's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:20L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK-0.11
OM:BONG Share Price ** OM (2020-03-31) in SEK SEK0.69
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 95.98x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of Bong.

DB:20L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.69 ÷ -0.11

-6.16x

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

  • Bong is loss making, we can't compare its value to the DE Commercial Services industry average.
  • Bong is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Bong's expected growth come at a high price?
Raw Data
DB:20L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
91.5%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 1.12x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Bong, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bong's assets?
Raw Data
DB:20L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK2.50
OM:BONG Share Price * OM (2020-03-31) in SEK SEK0.69
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.14x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:20L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.69 ÷ 2.50

0.27x

* Primary Listing of Bong.

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

  • Bong is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Bong'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Bong has a total score of 3/6, 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.

Future Performance

 How is Bong 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
91.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bong expected to grow at an attractive rate?
  • Bong's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Bong's earnings growth is expected to exceed the Germany market average.
  • Bong's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:20L Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:20L Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 91.5%
DB:20L Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -2.3%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 23.6%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:20L Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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:20L Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,977 1
2022-12-31 1,977 127 23 1
2021-12-31 2,017 130 13 1
2020-12-31 2,079 124 5 1
2020-04-01
DB:20L Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 2,166 101 -24
2019-09-30 2,201 40 -146
2019-06-30 2,217 29 -141
2019-03-31 2,253 -9 -142
2018-12-31 2,220 -58 -149
2018-09-30 2,195 -29 -19
2018-06-30 2,151 -9 -29
2018-03-31 2,088 22 -21
2017-12-31 2,095 50 -12
2017-09-30 2,096 58 -21
2017-06-30 2,094 25 -34
2017-03-31 2,113 59 -44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bong's earnings are expected to grow significantly at over 20% yearly.
  • Bong's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:20L 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 1 Analyst Estimates (S&P Global) See Below

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

DB:20L Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.11 0.11 0.11 1.00
2021-12-31 0.06 0.06 0.06 1.00
2020-12-31 0.02 0.02 0.02 1.00
2020-04-01
DB:20L Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 -0.11
2019-09-30 -0.69
2019-06-30 -0.67
2019-03-31 -0.67
2018-12-31 -0.71
2018-09-30 -0.09
2018-06-30 -0.14
2018-03-31 -0.10
2017-12-31 -0.06
2017-09-30 -0.10
2017-06-30 -0.16
2017-03-31 -0.21

*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.
  • Bong is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bong'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 Germany 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.
Bong has a total score of 3/6, 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.

Past Performance

  How has Bong 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 Bong's growth in the last year to its industry (Commercial Services).
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.
  • Bong does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Bong's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Bong's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Bong'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 Bong Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:20L Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,165.80 -23.60 321.20
2019-09-30 2,201.13 -145.57 423.47
2019-06-30 2,217.33 -140.97 427.57
2019-03-31 2,253.33 -141.97 430.07
2018-12-31 2,220.43 -149.07 429.37
2018-09-30 2,195.17 -19.13 339.31
2018-06-30 2,150.57 -28.63 336.31
2018-03-31 2,088.17 -20.63 335.81
2017-12-31 2,095.27 -12.43 330.71
2017-09-30 2,096.35 -21.37 338.70
2017-06-30 2,093.95 -33.67 336.50
2017-03-31 2,113.05 -44.47 339.90
2016-12-31 2,134.55 295.23 349.40
2016-09-30 2,168.29 283.77 362.22
2016-06-30 2,239.59 297.07 372.32
2016-03-31 2,272.49 298.37 376.52
2015-12-31 2,345.09 -64.63 395.92
2015-09-30 2,409.00 -99.49 399.37
2015-06-30 2,449.30 -112.09 422.17
2015-03-31 2,510.20 -125.59 446.17
2014-12-31 2,532.90 -149.89 460.77
2014-09-30 2,520.42 -120.04 483.24
2014-06-30 2,514.42 -141.84 483.94
2014-03-31 2,548.72 -137.84 491.04
2013-12-31 2,563.52 -140.64 493.64
2013-09-30 2,661.63 -167.10 500.25
2013-06-30 2,722.63 -113.70 504.25

*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.
  • It is difficult to establish if Bong has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Bong used its assets less efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • It is difficult to establish if Bong improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Bong'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 Commercial Services 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.
Bong has a total score of 0/6, 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.

Health

 How is Bong'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 Bong's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bong is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bong's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bong'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 3x 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 Bong Company Filings, last reported 3 months ago.

DB:20L Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 528.70 206.40 99.70
2019-09-30 538.40 211.60 63.40
2019-06-30 548.60 205.40 78.60
2019-03-31 564.60 205.10 103.00
2018-12-31 569.59 203.55 72.39
2018-09-30 700.00 196.50 68.30
2018-06-30 712.80 197.60 86.20
2018-03-31 724.60 406.20 127.50
2017-12-31 696.24 183.57 124.08
2017-09-30 674.80 393.30 101.30
2017-06-30 693.10 386.30 92.20
2017-03-31 701.60 387.80 108.30
2016-12-31 697.29 170.87 89.86
2016-09-30 697.70 404.70 67.10
2016-06-30 719.10 385.20 84.80
2016-03-31 737.40 367.40 74.10
2015-12-31 317.09 876.71 244.31
2015-09-30 344.90 906.20 44.90
2015-06-30 338.90 909.10 62.10
2015-03-31 345.40 894.40 94.10
2014-12-31 377.27 656.45 98.09
2014-09-30 448.10 887.70 54.80
2014-06-30 472.60 904.20 60.00
2014-03-31 481.50 912.30 94.10
2013-12-31 521.80 697.28 82.22
2013-09-30 512.40 902.40 56.70
2013-06-30 290.90 1,157.90 50.10
  • Bong's level of debt (39%) 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 (174.9% vs 39% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Bong has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Bong has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -22.1% per year.
X
Financial health checks
We assess Bong'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. Bong has a total score of 6/6, 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.

Dividends

 What is Bong'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
0%
Current annual income from Bong dividends.
If you bought €2,000 of Bong shares you are expected to receive €0 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?
  • Unable to evaluate Bong's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bong's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:20L 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:20L Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-04-01
DB:20L Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2012-11-15 0.000 0.000
2012-07-13 0.000 0.000
2012-05-15 0.000 0.000
2012-02-16 0.000 0.000
2011-04-06 1.000 4.238
2010-04-29 1.000 3.517
2010-02-19 1.000 3.389

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

  • Unable to perform a dividend volatility check as Bong has not reported any payouts.
  • Unable to verify if Bong's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bong's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bong has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bong's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Bong afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bong has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Bong'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
Kai Steigleder
COMPENSATION SEK1,951,140
AGE 56
TENURE AS CEO 1.6 years
CEO Bio

Mr. Kai Steigleder has been the Chief Executive Officer at Bong AB (publ) since September 12, 2018. He was a Business Area Manager of Central Europe at Bong AB (publ) since 2014 to September 12, 2018. Mr. Steigleder served as Sales Manager of Jefferson Smurfit and Tesa. He has a Master in International Business (MIBS).

CEO Compensation
  • Insufficient data for Kai to compare compensation growth.
  • Kai's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

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

1.3
Average Tenure
56
Average Age
  • The average tenure for the Bong management team is less than 2 years, this suggests a new team.
Management Team

Kai Steigleder

TITLE
Chief Executive Officer
COMPENSATION
SEK2M
AGE
56
TENURE
1.6 yrs

Carsten Grimmer

TITLE
Chief Financial Officer
AGE
46
TENURE
1.3 yrs

Simon Bennett

TITLE
Sales & Marketing Director
AGE
54

Kari Ki

TITLE
Bong Suomi Managing Director
AGE
63

Pia Fjellander

TITLE
Group Financial Manager
AGE
61
TENURE
1.3 yrs

Patrik Haraldsson

TITLE
Group Business Controller
Board of Directors Tenure

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

10.3
Average Tenure
58
Average Age
  • The average tenure for the Bong board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Christian Paulsson

TITLE
Independent Chairman of the Board
COMPENSATION
SEK350K
AGE
44
TENURE
3.9 yrs

Mikael Ekdahl

TITLE
Independent Vice Chairman of the Board
COMPENSATION
SEK250K
AGE
68

Stéphane Hamelin

TITLE
Director
COMPENSATION
SEK150K
AGE
58
TENURE
10.3 yrs

Christer Muth

TITLE
Employee Representative Director
AGE
65
TENURE
12.3 yrs

Eric Joan

TITLE
Independent Director
COMPENSATION
SEK150K
AGE
55
TENURE
10.3 yrs

Helena Persson

TITLE
Independent Director
COMPENSATION
SEK150K
AGE
49
TENURE
4.9 yrs

Stefan Lager

TITLE
Independent Director
COMPENSATION
SEK100K
AGE
57
TENURE
2.9 yrs

Kenth Jivetorp

TITLE
Employee Representative Director
AGE
61
TENURE
12.3 yrs

Mats Persson

TITLE
Employee Representative Alternate Director
AGE
64
TENURE
19.3 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 (€)
X
Management checks
We assess Bong'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. Bong 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.

News

Simply Wall St News

Company Info

Description

Bong AB (publ) manufactures and sells specialty packaging and envelope products. It provides solutions for distribution and packaging of information, advertising materials, and lightweight goods. The company offers envelopes, gift packaging, carrier bags for the retail trade, and packaging for e-commerce. It also provides light packaging products, including covers for lightweight goods; expanders and pockets, paper padded bags, bubble mailers, all board mailers, and cardboard packaging, as well as ColdSeal, a corrugated material with specially designed latex coating on the inside. The company has operations in Sweden, Norway, Denmark, Finland, Estonia, the United Kingdom, Belgium, Germany, France, Poland, Spain, Switzerland, Russia, and Romania. Bong AB (publ) was founded in 1737 and is headquartered in Kristianstad, Sweden.

Details
Name: Bong AB (publ)
20L
Exchange: DB
Founded: 1737
SEK13,310,536
211,205,058
Website: http://www.bong.com
Address: Bong AB (publ)
Uddevagen 3,
Box 516,
Kristianstad,
Skåne County, 291 25,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BONG Common Shares OMX Nordic Exchange Stockholm SE SEK 30. Sep 1992
DB 20L Common Shares Deutsche Boerse AG DE EUR 30. Sep 1992
LSE 0NZX Common Shares London Stock Exchange GB SEK 30. Sep 1992
BATS-CHIXE BONGS Common Shares BATS 'Chi-X Europe' GB SEK 30. Sep 1992
Number of employees
Current staff
Staff numbers
1,265
Bong employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 04:10
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/02/17
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.