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Bergs Timber

DB:2HW
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2HW
DB
SEK877M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Bergs Timber AB (publ) produces, distributes, and sells sawn and processed timber products in Sweden, the United Kingdom, and internationally. The last earnings update was 75 days ago. More info.


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  • Bergs Timber has significant price volatility in the past 3 months.
2HW Share Price and Events
7 Day Returns
-3%
DB:2HW
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-33.2%
DB:2HW
-11.9%
Europe Forestry
3%
DE Market
2HW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bergs Timber (2HW) -3% -3.8% -20.8% -33.2% - -
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • 2HW underperformed the Forestry industry which returned -11.9% over the past year.
  • 2HW underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
2HW
Industry
5yr Volatility vs Market

Value

 Is Bergs Timber 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 Bergs Timber 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 Bergs Timber.

DB:2HW 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 11.8%
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:2HW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.367 (1 + (1- 22%) (96.78%))
1.938
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.938 * 5.96%)
11.78%

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

The calculations below outline how an intrinsic value for Bergs Timber 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:2HW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 11.78%)
2020 109.00 Analyst x1 97.52
2021 131.00 Analyst x1 104.85
2022 146.57 Est @ 11.88% 104.95
2023 158.86 Est @ 8.39% 101.76
2024 168.29 Est @ 5.94% 96.45
2025 175.40 Est @ 4.23% 89.93
2026 180.71 Est @ 3.03% 82.89
2027 184.66 Est @ 2.19% 75.78
2028 187.61 Est @ 1.6% 68.88
2029 189.84 Est @ 1.19% 62.35
Present value of next 10 years cash flows SEK885.00
DB:2HW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK189.84 × (1 + 0.23%) ÷ (11.78% – 0.23%)
SEK1,647.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK1,647.45 ÷ (1 + 11.78%)10
SEK541.08
DB:2HW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK885.00 + SEK541.08
SEK1,426.08
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK1,426.08 / 346.73
SEK4.11
DB:2HW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2HW represents 0.08419x of OM:BRG B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08419x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 4.11 x 0.08419
€0.35
Value per share (EUR) From above. €0.35
Current discount Discount to share price of €0.21
= -1 x (€0.21 - €0.35) / €0.35
38.5%

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

Current Discount
Amount off the current price Bergs Timber is available for.
Intrinsic value
38%
Share price is €0.213 vs Future cash flow value of €0.34627
Current Discount Checks
For Bergs Timber to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bergs Timber's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bergs Timber's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bergs Timber's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bergs Timber's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2HW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in SEK SEK0.49
OM:BRG B Share Price ** OM (2019-10-11) in SEK SEK2.53
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Bergs Timber.

DB:2HW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.53 ÷ 0.49

5.2x

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

  • Bergs Timber is good value based on earnings compared to the Europe Forestry industry average.
  • Bergs Timber is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bergs Timber's expected growth come at a high price?
Raw Data
DB:2HW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-2.3%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:2HW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.2x ÷ -2.3%

-2.28x

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

  • Bergs Timber earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bergs Timber's assets?
Raw Data
DB:2HW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in SEK SEK3.34
OM:BRG B Share Price * OM (2019-10-11) in SEK SEK2.53
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:2HW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.53 ÷ 3.34

0.76x

* Primary Listing of Bergs Timber.

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

  • Bergs Timber is good value based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Bergs Timber'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Bergs Timber has a total score of 4/6, 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 Bergs Timber 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
-2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bergs Timber expected to grow at an attractive rate?
  • Bergs Timber's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bergs Timber's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Bergs Timber's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2HW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2HW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -2.3%
DB:2HW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.7%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:2HW 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:2HW Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,383 219 129 1
2020-12-31 3,378 197 129 1
2019-12-31 3,367 102 103 1
DB:2HW Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-06-30 2,993 70 153
2019-03-31 2,791 105 167
2018-12-31 2,273 177 141
2018-08-31 2,038 200 127
2018-05-31 1,534 162 77
2018-02-28 1,392 120 50
2017-11-30 1,318 100 37
2017-08-31 1,244 112 25
2017-05-31 1,143 9 16
2017-02-28 1,002 -8 -3
2016-11-30 941 10 -5
2016-08-31 894 -34 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bergs Timber's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Bergs Timber's revenue is expected to grow by 3.7% 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:2HW 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 Bergs Timber Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2HW Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.37 0.37 0.37 1.00
2020-12-31 0.37 0.37 0.37 1.00
2019-12-31 0.30 0.30 0.30 1.00
DB:2HW Past Financials Data
Date (Data in SEK Millions) EPS *
2019-06-30 0.49
2019-03-31 0.57
2018-12-31 0.56
2018-08-31 0.58
2018-05-31 0.43
2018-02-28 0.30
2017-11-30 0.22
2017-08-31 0.15
2017-05-31 0.10
2017-02-28 -0.02
2016-11-30 -0.04
2016-08-31 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bergs Timber is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bergs Timber'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 Europe 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.
Bergs Timber 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 Bergs Timber 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 Bergs Timber's growth in the last year to its industry (Forestry).
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.
  • Bergs Timber has delivered over 20% year on year earnings growth in the past 5 years.
  • Bergs Timber's 1-year earnings growth is less than its 5-year average (64.5% vs 76.8%)
  • Bergs Timber's earnings growth has exceeded the Europe Forestry industry average in the past year (64.5% vs 1.2%).
Earnings and Revenue History
Bergs Timber'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 Bergs Timber Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2HW Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2,993.25 153.00 845.50
2019-03-31 2,791.25 167.00 634.50
2018-12-31 2,273.25 141.00 598.50
2018-08-31 2,038.20 126.80 416.70
2018-05-31 1,533.80 76.70 355.90
2018-02-28 1,391.50 50.00 338.10
2017-11-30 1,317.80 37.40 326.70
2017-08-31 1,244.00 25.00 310.00
2017-05-31 1,143.10 16.00 285.10
2017-02-28 1,001.90 -3.40 259.10
2016-11-30 940.50 -4.90 232.70
2016-08-31 894.30 -3.70 227.70
2016-05-31 884.20 -26.40 235.10
2016-02-29 908.50 -19.60 235.60
2015-11-30 911.70 -22.40 245.90
2015-08-31 853.40 -29.00 236.10
2015-05-31 788.90 -5.10 211.50
2015-02-28 726.80 -7.40 194.10
2014-11-30 662.60 -6.80 178.90
2014-08-31 666.30 -10.60 177.70
2014-05-31 644.40 -1.20 176.50
2014-02-28 639.30 -17.10 185.40
2013-11-30 652.00 -13.30 189.70
2013-08-31 664.20 -24.20 195.50
2013-05-31 715.40 -44.80 204.90
2013-02-28 753.00 -42.40 207.50
2012-11-30 801.10 -45.90 211.40

*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.
  • Bergs Timber has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bergs Timber used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Bergs Timber has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Bergs Timber'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 Forestry 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.
Bergs Timber has a total score of 4/6, see the detailed checks below.

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

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

Health

 How is Bergs Timber'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 Bergs Timber's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bergs Timber is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bergs Timber's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bergs Timber'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 1.5x 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 Bergs Timber Company Filings, last reported 3 months ago.

DB:2HW Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,138.00 849.00 73.00
2019-03-31 1,115.00 703.00 42.00
2018-12-31 1,052.00 652.00 74.00
2018-08-31 1,011.80 573.60 57.10
2018-05-31 930.60 593.80 14.90
2018-02-28 408.20 132.80 0.50
2017-11-30 407.30 104.70 2.80
2017-08-31 398.00 118.00 1.00
2017-05-31 389.80 207.50 11.50
2017-02-28 373.80 204.50 3.60
2016-11-30 350.50 135.40 0.40
2016-08-31 347.10 181.40 16.70
2016-05-31 262.70 220.20 0.80
2016-02-29 266.10 216.50 0.80
2015-11-30 270.60 195.00 0.60
2015-08-31 266.00 174.50 0.40
2015-05-31 289.00 220.60 2.40
2015-02-28 285.60 232.20 3.20
2014-11-30 292.90 209.60 5.60
2014-08-31 252.80 158.80 1.80
2014-05-31 251.90 146.80 0.20
2014-02-28 250.80 154.40 18.10
2013-11-30 257.50 117.50 16.70
2013-08-31 263.30 115.30 47.80
2013-05-31 253.00 203.50 0.10
2013-02-28 267.80 235.60 0.10
2012-11-30 174.30 266.00 0.10
  • Bergs Timber's level of debt (74.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (60% vs 74.4% today).
  • Debt is not well covered by operating cash flow (8.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.4x coverage).
X
Financial health checks
We assess Bergs Timber'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. Bergs Timber 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.

Dividends

 What is Bergs Timber'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
3.16%
Current annual income from Bergs Timber dividends. Estimated to be 3.95% next year.
If you bought €2,000 of Bergs Timber shares you are expected to receive €63 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?
  • Bergs Timber's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Bergs Timber's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:2HW 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
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:2HW Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.10 1.00
2020-12-31 0.10 1.00
2019-12-31 0.10 1.00
DB:2HW Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-05-08 0.080 2.841
2017-12-20 0.050 1.664
2017-10-12 0.050 1.890
2012-06-29 0.000 0.000
2012-04-17 0.000 0.000
2012-01-26 0.000 0.000
2011-12-28 0.000 0.000
2011-10-06 0.000 0.000
2010-12-28 0.250 1.331
2010-10-07 0.250 1.056
2009-10-08 0.000 0.000
2009-06-26 0.000 0.000
2009-04-08 0.000 0.000
2009-01-29 0.000 0.000
2008-12-29 0.000 0.000

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

  • Bergs Timber has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Bergs Timber has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Bergs Timber's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Bergs Timber's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Bergs Timber afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bergs Timber 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.

Management

 What is the CEO of Bergs Timber'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
Peter Nilsson
COMPENSATION SEK3,134,000
AGE 56
TENURE AS CEO 6.8 years
CEO Bio

Mr. Peter Nilsson has been the Chief Executive Officer at Bergs Timber AB (publ) since 2013 and serves as its President. Mr. Nilsson served as Managing Director of Bergs Timber AB (publ) since 2013. He served as a Director at Bergs Timber AB (publ) since 2013 until March 8, 2017.

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

Peter Nilsson

TITLE
President & CEO
COMPENSATION
SEK3M
AGE
56
TENURE
6.8 yrs

Anders Marklund

TITLE
Chief Financial Officer
AGE
54

Jan Liljegren

TITLE
Chief Operating Officer
AGE
53

Roger Eckerstig

TITLE
Technical Manager
AGE
42

Per-Åke Bergh

TITLE
Sales Manager
COMPENSATION
SEK17K
AGE
38

Maria Berggren

TITLE
Head of Personnel
AGE
51

Niklas Sjöfors

TITLE
Head of Raw Material
AGE
47

Nigel McKillop

TITLE
Chief Executive Officer of Continental Wood Ltd.
TENURE
0.2 yrs

Henry Egnell

TITLE
Plant Manager of Bitus
COMPENSATION
SEK515K
AGE
47
Board of Directors Tenure

Average tenure and age of the Bergs Timber board of directors in years:

4
Average Tenure
63
Average Age
  • The tenure for the Bergs Timber board of directors is about average.
Board of Directors

Lars Gustafsson

TITLE
Chairman of the Board
COMPENSATION
SEK155K
AGE
68
TENURE
4 yrs

Reino Thapper

TITLE
Employee Representative Director
AGE
63
TENURE
30.8 yrs

Åke Bergh

TITLE
Director
COMPENSATION
SEK97K
AGE
70
TENURE
44.8 yrs

Lars Pettersson

TITLE
Employee Representative Director
AGE
56
TENURE
8.8 yrs

Magnus Wennerholm

TITLE
Director
COMPENSATION
SEK97K
AGE
51
TENURE
4 yrs

Sampsa Auvinen

TITLE
Director
COMPENSATION
SEK90K
AGE
50
TENURE
3.3 yrs

Jon Gudmundsson

TITLE
Director
COMPENSATION
SEK90K
AGE
72
TENURE
3.3 yrs

Michael Bertorp

TITLE
Director
COMPENSATION
SEK67K
AGE
70
TENURE
2.8 yrs

Patrik Ivarsson

TITLE
Deputy Director
AGE
52
TENURE
9.8 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 (€)
28. Mar 19 Sell Patrik Ivarsson Individual 28. Mar 19 28. Mar 19 -20,336 €0.31 €-6,269
26. Mar 19 Sell Patrik Ivarsson Individual 18. Mar 19 18. Mar 19 -5,239 €0.31 €-1,615
11. Mar 19 Buy Peter Nilsson Individual 11. Mar 19 11. Mar 19 50,000 €0.28 €14,239
26. Oct 18 Sell Patrik Ivarsson Individual 25. Oct 18 25. Oct 18 -7,425 €0.33 €-2,480
16. Oct 18 Sell Patrik Ivarsson Individual 15. Oct 18 15. Oct 18 -9,000 €0.35 €-3,119
X
Management checks
We assess Bergs Timber'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. Bergs Timber 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

Bergs Timber AB (publ) produces, distributes, and sells sawn and processed timber products in Sweden, the United Kingdom, and internationally. It offers structural timber in spruce and pine forms; treated timber products; and gardening products, windows, doors, and prefabricated houses. The company also provides cellulose chips and sawdust for the production of paper pulp, heat, and energy; and forestry services. In addition, it operates sawmills; and sells by-products from manufacture to the pulp and particle board industries. The company was formerly known as CF Berg & Co. Bergs Timber AB (publ) was founded in 1919 and is headquartered in Mörlunda, Sweden.

Details
Name: Bergs Timber AB (publ)
2HW
Exchange: DB
Founded: 1919
SEK81,114,266
346,728,283
Website: http://www.bergstimber.se
Address: Bergs Timber AB (publ)
Bergs väg 13,
Mörlunda,
Kalmar County, 570 84,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BRG B Series B Shares OMX Nordic Exchange Stockholm SE SEK 24. Aug 1992
DB 2HW Series B Shares Deutsche Boerse AG DE EUR 24. Aug 1992
BATS-CHIXE BRGBS Series B Shares BATS 'Chi-X Europe' GB SEK 24. Aug 1992
Number of employees
Current staff
Staff numbers
0
Bergs Timber employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/14 00:43
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/08/01
Last earnings filing: 2019/07/31
Last earnings reported: 2019/06/30
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.