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Bure Equity

DB:BLZ
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BLZ
DB
SEK11B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Bure Equity AB (publ) is a private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, emerging growth, expansion capital, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital and turnarounds. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Bure Equity is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Bure Equity has significant price volatility in the past 3 months.
BLZ Share Price and Events
7 Day Returns
4.8%
DB:BLZ
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-8.8%
DB:BLZ
-11.8%
DE Capital Markets
-20.4%
DE Market
BLZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bure Equity (BLZ) 4.8% -15.3% -33% -8.8% - -
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • BLZ outperformed the Capital Markets industry which returned -11.8% over the past year.
  • BLZ outperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
BLZ
Industry
5yr Volatility vs Market

Value

 Is Bure Equity 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 Bure Equity 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 Bure Equity.

DB:BLZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= SEK127.11 * 14.9%
SEK19.00
Book Value of Equity per Share Median Book Value from the past 5 years. SEK127.11
Discount Rate (Cost of Equity) See below 4.1%
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:BLZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 22%) (0.64%))
0.833
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.833 * 5.44%)
4.14%

Discounted Cash Flow Calculation for DB:BLZ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bure Equity is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:BLZ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.9% – 4.14%) * SEK127.11)
SEK13.74
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SEK13.74 / (4.14% - -0.39%)
SEK303.23
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SEK127.11 + SEK303.23
SEK430.34
DB:BLZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BLZ represents 0.09261x of OM:BURE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09261x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 430.34 x 0.09261
€39.86
Value per share (EUR) From above. €39.86
Current discount Discount to share price of €14.17
= -1 x (€14.17 - €39.86) / €39.86
64.4%

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

Current Discount
Amount off the current price Bure Equity is available for.
Intrinsic value
>50%
Share price is €14.17 vs Future cash flow value of €39.86
Current Discount Checks
For Bure Equity to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bure Equity's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bure Equity'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 Bure Equity's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bure Equity's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BLZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK61.29
OM:BURE Share Price ** OM (2020-04-01) in SEK SEK153
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of Bure Equity.

DB:BLZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 153 ÷ 61.29

2.5x

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

  • Bure Equity is good value based on earnings compared to the DE Capital Markets industry average.
  • Bure Equity is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bure Equity's expected growth come at a high price?
Raw Data
DB:BLZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Bure Equity, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bure Equity's assets?
Raw Data
DB:BLZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK196.51
OM:BURE Share Price * OM (2020-04-01) in SEK SEK153
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:BLZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 153 ÷ 196.51

0.78x

* Primary Listing of Bure Equity.

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

  • Bure Equity is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Bure Equity'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Bure Equity has a total score of 5/6, 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 Bure Equity expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
40%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bure Equity expected to grow at an attractive rate?
  • Unable to compare Bure Equity's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bure Equity's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Bure Equity's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:BLZ Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:BLZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BLZ Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 4,643 699 4,227
2019-09-30 2,865 660 2,465
2019-06-30 2,370 646 1,962
2019-03-31 3,673 661 3,245
2018-12-31 2,270 31 1,820
2018-09-30 449 72 -33
2018-06-30 2,148 80 1,654
2018-03-31 1,809 242 1,315
2017-12-31 1,329 257 834
2017-09-30 1,335 281 859
2017-06-30 1,585 273 1,120
2017-03-31 1,721 156 1,262

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bure Equity is high growth as no earnings estimate data is available.
  • Unable to determine if Bure Equity is high growth as no revenue estimate data is available.
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:BLZ 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 0 Analyst Estimates (S&P Global) See Below

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

DB:BLZ Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 61.29
2019-09-30 35.71
2019-06-30 28.41
2019-03-31 46.93
2018-12-31 26.29
2018-09-30 -0.47
2018-06-30 23.86
2018-03-31 18.97
2017-12-31 12.03
2017-09-30 12.39
2017-06-30 16.16
2017-03-31 18.20

*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.
  • Unable to establish if Bure Equity will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Bure Equity is trading at Bure Equity'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Bure Equity's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Bure Equity's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bure Equity'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.
Bure Equity has a total score of 0/6, 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 Bure Equity 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 Bure Equity's growth in the last year to its industry (Capital Markets).
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.
  • Bure Equity's year on year earnings growth rate has been positive over the past 5 years.
  • Bure Equity's 1-year earnings growth exceeds its 5-year average (132.2% vs 7%)
  • Bure Equity's earnings growth has exceeded the DE Capital Markets industry average in the past year (132.2% vs 5.7%).
Earnings and Revenue History
Bure Equity'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 Bure Equity Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BLZ 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 4,643.10 4,227.30 236.90
2019-09-30 2,865.30 2,464.70 254.80
2019-06-30 2,369.70 1,962.30 259.30
2019-03-31 3,672.90 3,245.30 274.20
2018-12-31 2,270.30 1,820.40 287.20
2018-09-30 448.50 -32.70 300.10
2018-06-30 2,147.90 1,654.20 303.50
2018-03-31 1,809.30 1,315.10 300.50
2017-12-31 1,328.90 834.10 299.10
2017-09-30 1,334.50 859.00 300.00
2017-06-30 1,584.60 1,120.20 293.90
2017-03-31 1,721.20 1,261.80 292.90
2016-12-31 1,623.20 1,172.80 288.40
2016-09-30 4,524.40 4,064.70 293.50
2016-06-30 2,193.70 1,732.80 292.40
2016-03-31 2,192.70 1,722.50 292.20
2015-12-31 3,433.40 2,940.30 302.20
2015-09-30 1,897.90 1,386.60 309.90
2015-06-30 2,638.90 2,107.60 326.40
2015-03-31 2,402.60 1,856.20 331.40
2014-12-31 1,529.20 965.70 337.40
2014-09-30 1,362.10 733.30 345.00
2014-06-30 1,256.40 637.40 340.10
2014-03-31 1,137.10 517.60 344.00
2013-12-31 1,131.50 512.90 350.10
2013-09-30 848.20 388.70 299.10
2013-06-30 734.60 195.50 337.00

*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.
  • Bure Equity has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Bure Equity used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Bure Equity has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bure Equity'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 Capital Markets 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.
Bure Equity has a total score of 6/6, 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 Bure Equity'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 Bure Equity's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bure Equity is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bure Equity's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bure Equity's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 28.5x 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 Bure Equity Company Filings, last reported 3 months ago.

DB:BLZ Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 13,572.70 35.30 852.80
2019-09-30 10,974.90 27.40 886.00
2019-06-30 10,603.50 27.70 1,002.70
2019-03-31 11,386.00 29.30 1,180.00
2018-12-31 9,462.40 2.90 662.20
2018-09-30 8,661.10 30.10 752.10
2018-06-30 8,797.10 29.10 770.10
2018-03-31 8,307.20 29.70 1,000.20
2017-12-31 7,801.50 1.90 990.40
2017-09-30 8,824.80 32.20 972.40
2017-06-30 7,276.20 30.40 966.90
2017-03-31 7,115.30 33.30 792.30
2016-12-31 7,101.40 5.10 969.80
2016-09-30 8,109.40 46.20 971.20
2016-06-30 6,292.20 0.00 966.50
2016-03-31 5,988.80 0.00 1,110.90
2015-12-31 6,064.50 32.30 1,107.10
2015-09-30 4,184.10 0.00 633.00
2015-06-30 4,723.50 0.00 481.50
2015-03-31 4,419.10 0.00 499.80
2014-12-31 3,301.70 47.00 554.60
2014-09-30 3,096.10 0.00 540.80
2014-06-30 2,899.60 0.00 808.80
2014-03-31 2,813.10 0.00 849.60
2013-12-31 2,560.00 49.40 823.30
2013-09-30 2,139.20 0.00 827.30
2013-06-30 2,058.90 0.00 804.80
  • Bure Equity's level of debt (0.3%) 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 (1.4% vs 0.3% today).
  • Debt is well covered by operating cash flow (1981%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4705.3x coverage).
X
Financial health checks
We assess Bure Equity'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. Bure Equity 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 Bure Equity'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
1.31%
Current annual income from Bure Equity dividends.
If you bought €2,000 of Bure Equity shares you are expected to receive €26 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?
  • Bure Equity's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Bure Equity's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Bure Equity before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:BLZ 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 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
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:BLZ Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-20 2.000 1.248
2019-03-28 2.000 1.182
2018-03-27 2.000 1.826
2017-05-03 2.000 1.990
2016-04-08 1.000 1.111
2015-04-01 1.000 1.824
2015-02-20 1.000 2.052
2014-03-28 0.500 1.578
2014-02-21 0.500 1.803
2013-03-27 0.500 2.045
2013-02-22 0.500 2.097
2012-04-04 0.300 1.345
2012-02-23 0.300 1.616
2011-11-15 0.000 0.000
2011-08-17 0.000 0.000
2011-04-28 0.000 0.000
2011-04-04 0.000 0.000
2011-02-24 0.000 0.000
2010-03-08 0.300 1.031
2010-01-04 0.300 1.054
2009-10-22 0.000 0.000
2009-08-31 0.000 0.000
2009-04-28 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bure Equity's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (30.6x coverage).
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 Bure Equity'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 Bure Equity afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bure Equity has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Bure Equity'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
Henrik Blomquist
COMPENSATION SEK6,800,000
AGE 48
TENURE AS CEO 7 years
CEO Bio

Mr. Henrik Blomquist has been the Chief Executive Officer at Bure Equity AB (publ) since February 20, 2014 and has been its President since 2013. Mr. Blomquist served as an Acting Managing Director at Bure Equity AB (publ) from April 22, 2013 to February 20, 2014 and its Acting Chief Executive Officer from April 2013 to February 20, 2014. He served as an Executive Vice President at Bure Equity AB (publ) from October 2010 to April 22, 2013 and also served as its Deputy Managing Director until April 22, 2013. He served as Project Manager and Analyst at Bure Equity AB (publ). He joined the firm in October 2010. He serves as a Deputy Member of The Board at Theducation AB. He serves as Chairman of Investment AB Bure, Bure Growth AB and Cavena Image Products AB. He serves as the Chairman of the Board at InfoKomp. He serves as Director of Vitrolife AB (publ) since May 02, 2019. He serves as a Director of The Chimney Pot AB. He serves as Board director of Atle Investment Management AB and Atle Investment Services AB. He serves as the Board Member of Bure Financial Services AB. He serves as a Director of MedCap AB (publ). He has been the Chairman of the Board at Mercuri International Group AB since 2016 and its Director since 2015. He served as Project Manager and Project Analyst at Skanditek Industriförvaltning AB and served as its Investment Manager since 1999. He joined Skanditek Industriförvaltning AB in 1999. He served as the Chairman of the Board of AB VS Market. Mr. Blomquist has experience of investment operations and corporate development. He served as a Director of Lauritz.com Group A/S until December 1, 2017. He holds an M.Sc. in Economics from Stockholm University.

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

Average tenure and age of the Bure Equity management team in years:

6.5
Average Tenure
48
Average Age
  • The average tenure for the Bure Equity management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Henrik Blomquist

TITLE
Former Project Manager & Analyst
COMPENSATION
SEK7M
AGE
48
TENURE
7 yrs

Max Jonson

TITLE
Chief Financial Officer
AGE
51
TENURE
6.5 yrs

Sophie Hagströmer

TITLE
Investment Director
TENURE
0.6 yrs

Gösta Johannesson

TITLE
Senior Advisor
AGE
60
TENURE
7 yrs

Oskar Hörnell

TITLE
Investment Manager
AGE
32
TENURE
5.3 yrs

Trolle Sahlström

TITLE
Investment Manager
AGE
31
Board of Directors Tenure

Average tenure and age of the Bure Equity board of directors in years:

5.8
Average Tenure
58
Average Age
  • The tenure for the Bure Equity board of directors is about average.
Board of Directors

Patrik Tigerschiöld

TITLE
Chairman
COMPENSATION
SEK2M
AGE
55
TENURE
7 yrs

Carl Björkman

TITLE
Former Investment Manager
COMPENSATION
SEK300K
AGE
49
TENURE
10 yrs

Bengt Engström

TITLE
Director
COMPENSATION
SEK300K
AGE
66
TENURE
6.3 yrs

Charlotta Falvin

TITLE
Director
COMPENSATION
SEK300K
AGE
53
TENURE
5.3 yrs

Sarah McPhee

TITLE
Director
COMPENSATION
SEK300K
AGE
65
TENURE
3.9 yrs

Carsten Browall

TITLE
Director
AGE
61
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bure Equity individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 20 Buy Sarah McPhee Individual 19. Mar 20 19. Mar 20 500 €11.54 €5,770
17. Mar 20 Buy Sarah McPhee Individual 17. Mar 20 17. Mar 20 500 €12.36 €6,181
01. Sep 19 Buy Sarah McPhee Individual 30. Aug 19 30. Aug 19 1,000 €14.02 €14,024
28. May 19 Buy Henrik Blomquist Individual 28. May 19 28. May 19 4,000 €14.58 €58,300
22. May 19 Buy Max Jonson Individual 22. May 19 22. May 19 185 €14.90 €2,757
20. May 19 Sell Patrik Tigerschiöld Individual 16. May 19 16. May 19 -200,000 €15.92 €-3,183,344
20. May 19 Buy Max Jonson Individual 20. May 19 20. May 19 1,443 €14.45 €20,848
X
Management checks
We assess Bure Equity'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. Bure Equity 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

Bure Equity AB (publ) is a private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, emerging growth, expansion capital, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital and turnarounds. The firm has agnostic approach and seeks to invest in listed and unlisted SME companies and assets in knowledge driven service companies. It primarily invests in education service companies, communication services, medtech, consumer staples, financials, industrials, healthcare, information technology, and professional services. The firm prefers to invest in Nordic and European developed markets. It invests between $5 million to $50 million. The firm seeks to be a principal shareholder with a controlling influence in the portfolio company. The firm prefers to hold its investment for a period of three to five years. It invests through its own balance sheet. Bure Equity AB (publ) was founded on November 23, 1992 and is based in Stockholm, Sweden.

Details
Name: Bure Equity AB (publ)
BLZ
Exchange: DB
Founded: 1992
SEK963,593,601
68,971,921
Website: http://www.bure.se
Address: Bure Equity AB (publ)
Nybrogatan 6,
Stockholm,
Stockholm County, 114 34,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BURE Registered Shares OMX Nordic Exchange Stockholm SE SEK 01. Oct 1993
DB BLZ Registered Shares Deutsche Boerse AG DE EUR 01. Oct 1993
LSE 0N7D Registered Shares London Stock Exchange GB SEK 01. Oct 1993
BATS-CHIXE BURES Registered Shares BATS 'Chi-X Europe' GB SEK 01. Oct 1993
Number of employees
Current staff
Staff numbers
226
Bure Equity employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 04:30
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/02/20
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.