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Bonava

BATS-CHIXE:BONAAS
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BONAAS
BATS-CHIXE
SEK5B
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

Bonava AB (publ) develops and sells residential units in Sweden, Germany, Finland, Denmark, Norway, St. The last earnings update was 29 days ago. More info.


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  • Bonava has significant price volatility in the past 3 months.
BONAAS Share Price and Events
7 Day Returns
0%
BATS-CHIXE:BONAAS
8.2%
GB Consumer Durables
1.7%
GB Market
1 Year Returns
-
BATS-CHIXE:BONAAS
-21%
GB Consumer Durables
-21.8%
GB Market
BONAAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bonava (BONAAS) 0% -46.6% - - - -
GB Consumer Durables 8.2% -31.3% -34.8% -21% -18.4% -2%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • No trading data on BONAAS.
  • No trading data on BONAAS.
Price Volatility
BONAAS
Industry
5yr Volatility vs Market

BONAAS Value

 Is Bonava 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 Bonava 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 Bonava.

BATS-CHIXE:BONAAS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in SEK SEK 3.779999
Payout Ratio Company Filings (2019-12-31) 4108.6%
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:BONAAS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.918 (1 + (1- 22%) (147.87%))
1.277
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.277 * 5.44%)
7.48%

Discounted Cash Flow Calculation for BATS-CHIXE:BONAAS using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Bonava is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BATS-CHIXE:BONAAS Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= SEK3.78 / (7.48% - 0.53%)
SEK68.56
BATS-CHIXE:BONAAS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:BONAAS represents 1.12264x of OM:BONAV B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.12264x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 54.40 x 1.12264
SEK61.07
Value per share (SEK) From above. SEK61.07
Current discount Discount to share price of SEK49.80
= -1 x (SEK49.80 - SEK61.07) / SEK61.07
18.5%

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

Current Discount
Amount off the current price Bonava is available for.
Intrinsic value
18%
Share price is SEK49.8 vs Future cash flow value of SEK61.07
Current Discount Checks
For Bonava to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bonava's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Bonava'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 Bonava's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bonava's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:BONAAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK5.71
OM:BONAV B Share Price ** OM (2020-03-30) in SEK SEK44.36
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 7.84x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of Bonava.

BATS-CHIXE:BONAAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 44.36 ÷ 5.71

7.77x

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

  • Bonava is good value based on earnings compared to the GB Consumer Durables industry average.
  • Bonava is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Bonava's expected growth come at a high price?
Raw Data
BATS-CHIXE:BONAAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.5%per year
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:BONAAS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.77x ÷ 13.5%

0.57x

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

  • Bonava is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Bonava's assets?
Raw Data
BATS-CHIXE:BONAAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK70.02
OM:BONAV B Share Price * OM (2020-03-30) in SEK SEK44.36
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:BONAAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 44.36 ÷ 70.02

0.63x

* Primary Listing of Bonava.

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

  • Bonava is good value based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess Bonava'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Bonava 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.

BONAAS Future Performance

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

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
13.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bonava expected to grow at an attractive rate?
  • Bonava's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Bonava's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Bonava's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:BONAAS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:BONAAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.5%
BATS-CHIXE:BONAAS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.5%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:BONAAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:BONAAS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 18,399 1,137 1
2022-12-31 16,324 -611 1,114 3
2021-12-31 14,277 1,570 914 3
2020-12-31 15,729 1,256 982 3
2020-04-08
BATS-CHIXE:BONAAS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 15,474 379 615
2019-09-30 15,181 -55 1,009
2019-06-30 15,192 -534 1,271
2019-03-31 15,206 -966 1,363
2018-12-31 14,008 -630 1,265
2018-09-30 13,857 -534 1,153
2018-06-30 12,601 367 994
2018-03-31 13,215 389 1,054
2017-12-31 14,479 85 1,402
2017-09-30 15,008 482 1,468
2017-06-30 15,200 132 1,463
2017-03-31 14,518 184 1,262

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bonava's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • Bonava's revenue is expected to grow by 2.5% 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
BATS-CHIXE:BONAAS 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 3 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:BONAAS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 10.57 10.57 10.57 1.00
2022-12-31 10.30 13.21 7.10 3.00
2021-12-31 8.43 11.94 3.64 3.00
2020-12-31 9.07 10.31 8.36 3.00
2020-04-08
BATS-CHIXE:BONAAS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 5.71
2019-09-30 9.35
2019-06-30 11.82
2019-03-31 12.66
2018-12-31 11.74
2018-09-30 10.71
2018-06-30 9.20
2018-03-31 9.77
2017-12-31 12.99
2017-09-30 13.59
2017-06-30 13.53
2017-03-31 11.65

*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.
  • Bonava is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bonava'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Bonava has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

BONAAS Past Performance

  How has Bonava 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 Bonava's growth in the last year to its industry (Consumer Durables).
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.
  • Bonava's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Bonava's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bonava's 1-year earnings growth is negative, it can't be compared to the GB Consumer Durables industry average.
Earnings and Revenue History
Bonava'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 Bonava Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BONAAS 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 15,474.00 615.00 828.00
2019-09-30 15,181.00 1,009.00 819.00
2019-06-30 15,192.00 1,271.00 821.00
2019-03-31 15,206.00 1,363.00 833.00
2018-12-31 14,008.00 1,265.00 821.00
2018-09-30 13,857.00 1,153.00 872.00
2018-06-30 12,601.00 994.00 876.00
2018-03-31 13,215.00 1,054.00 834.00
2017-12-31 14,479.00 1,402.00 788.00
2017-09-30 15,008.00 1,468.00 754.00
2017-06-30 15,200.00 1,463.00 668.00
2017-03-31 14,518.00 1,262.00 633.00
2016-12-31 13,492.00 1,003.00 593.00
2016-09-30 14,222.00 978.00 585.00
2016-06-30 14,023.00 929.00 603.00
2016-03-31 13,183.00 866.00 577.00
2015-12-31 13,070.00 767.00 583.00
2014-12-31 10,226.00 450.00 564.00
2013-12-31 9,196.00 194.00 541.00

*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.
  • Bonava has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bonava used its assets less efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
  • Bonava's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bonava'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 Consumer Durables 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.
Bonava has a total score of 1/6, 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.

BONAAS Health

 How is Bonava'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 Bonava's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bonava is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bonava's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bonava'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 3.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bonava Company Filings, last reported 3 months ago.

BATS-CHIXE:BONAAS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,541.00 7,135.00 499.00
2019-09-30 7,235.00 7,564.00 207.00
2019-06-30 7,164.00 7,670.00 351.00
2019-03-31 7,576.00 7,422.00 314.00
2018-12-31 7,361.00 5,948.00 325.00
2018-09-30 6,669.00 7,026.00 754.00
2018-06-30 6,422.00 5,941.00 268.00
2018-03-31 6,769.00 5,254.00 255.00
2017-12-31 6,638.00 5,343.00 1,122.00
2017-09-30 5,952.00 5,609.00 494.00
2017-06-30 6,021.00 5,720.00 331.00
2017-03-31 6,029.00 5,628.00 704.00
2016-12-31 5,653.00 4,465.00 619.00
2016-09-30 4,979.00 5,915.00 624.00
2016-06-30 4,852.00 6,133.00 934.00
2016-03-31 4,814.00 5,423.00 640.00
2015-12-31 4,732.00 5,065.00 585.00
2014-12-31 338.00 10,289.00 463.00
2013-12-31 545.00 9,403.00 391.00
  • Bonava's level of debt (94.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (2935.3% vs 94.6% today).
  • Debt is not well covered by operating cash flow (5.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.6x coverage).
X
Financial health checks
We assess Bonava'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. Bonava has a total score of 4/6, 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.

BONAAS Dividends

 What is Bonava'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
6.76%
Current annual income from Bonava dividends. Estimated to be 8.52% next year.
If you bought SEK2,000 of Bonava shares you are expected to receive SEK135 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?
  • Bonava's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • Bonava's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
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
BATS-CHIXE:BONAAS 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 7.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:BONAAS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 4.70 1.00
2022-12-31 4.40 3.00
2021-12-31 3.80 3.00
2020-12-31 2.83 3.00
2020-04-08
BATS-CHIXE:BONAAS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-21 3.000 5.681
2019-03-04 5.200 4.867
2018-04-25 5.200 4.606
2017-04-04 3.800 2.977
2016-11-08 0.000 0.000
2016-07-19 0.000 0.000

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

  • Bonava has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Bonava has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Bonava's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Bonava's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Bonava afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bonava 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.

BONAAS Management

 What is the CEO of Bonava'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
Joachim Hallengren
COMPENSATION SEK6,581,000
AGE 55
CEO Bio

Mr. Joachim Hallengren has been the Chief Executive Officer and President of Bonava AB (publ) since 2016. Mr. Hallengren serves as the Chief Executive Officer and President of HoldCo Residential 1 AB (publ). He is the Owner of Aktiebolaget Phlebas. He has been the President of NCC Housing Business Area at NCC Construction Sweden AB since November 1, 2012. He served as the President of NCC Property Development AB. He served as the Chief Executive Officer of NCC's Housing Development Operations at NCC AB until January 7, 2016. He served as the President of NCC Property Development A/S from June 2009 to April 2013. He served as the President of NCC Housing Sweden AB from November 1, 2012 to 2016. He has 21 years of experience from various positions within the NCC group, including as Business Area Manager of NCC Property Development and Member of The Senior Management of NCC AB (publ) from 2009 to 2015. He joined NCC in 1989 and has held a variety of positions involving property operations, with a focus on property development. He served as the Head of NCC Property Development’s Swedish operations from 2007 to 2009, Regional Manager NCC Property Development Western Sweden from 2004 to 2007, Regional and Country Manager of NCC Property Development Southern Sweden from 2003 to 2004 and various positions within NCC’s Property Development operations from 1995 to 2003 among other positions. He serves as the Chairman of NCC Property Development AB, Offside Press AB and Centre for Management of the Built Environment (CMB), Chalmers. He has been a Director of Caverion Oyj since March 23, 2017. He serves as a Director of Aktiebolaget Phlebas. He served as a Director of Aktiebolaget Emilsborg. Mr. Hallengren is a Graduate Engineer. He holds M.Sc. (Civil Engineering) at Chalmers University.

CEO Compensation
  • Joachim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Joachim's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

1.4
Average Tenure
48
Average Age
  • The average tenure for the Bonava management team is less than 2 years, this suggests a new team.
Management Team

Joachim Hallengren

TITLE
CEO & President
COMPENSATION
SEK7M
AGE
55

Ann-Sofi Danielsson

TITLE
Chief Financial Officer
AGE
60

Carl Rietz

TITLE
Senior Vice President of Operations
AGE
49
TENURE
0.4 yrs

Louise Tjeder

TITLE
Head of IR
AGE
45

Sofia Rudbeck

TITLE
Senior Vice President of Marketing
AGE
45

Jenny Lagercrantz

TITLE
Senior Vice President of Human Resources
AGE
47

Fredrik Hemborg

TITLE
President of Sweden Business Unit
AGE
47

Juuso Hietanen

TITLE
President of Finland Business Unit
AGE
42

Michael Björklund

TITLE
President of St. Petersburg & Baltics Business Unit
AGE
50
TENURE
3.3 yrs

Kristina Olsen

TITLE
Business Unit President of Denmark-Norway
AGE
52
TENURE
1.4 yrs
Board of Directors Tenure

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

2
Average Tenure
57
Average Age
  • The average tenure for the Bonava board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mikael Norman

TITLE
Independent Chairman of the Board
COMPENSATION
SEK685K
AGE
61
TENURE
1 yrs

Angela Olsson

TITLE
Director
AGE
49
TENURE
0.1 yrs

Viveca Johnson

TITLE
Director
COMPENSATION
SEK296K
AGE
56
TENURE
4.3 yrs

Åsa Hedenberg

TITLE
Independent Director
COMPENSATION
SEK371K
AGE
58
TENURE
4.3 yrs

Samir Kamal

TITLE
Independent Director
COMPENSATION
SEK316K
AGE
54
TENURE
4.3 yrs

Frank Roseen

TITLE
Independent Director
COMPENSATION
SEK296K
AGE
57
TENURE
2 yrs

Mats Jönsson

TITLE
Independent Director
AGE
62
TENURE
0.1 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 (SEK) Value (SEK)
X
Management checks
We assess Bonava'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. Bonava 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.

BONAAS News

Simply Wall St News

BONAAS Company Info

Description

Bonava AB (publ) develops and sells residential units in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia, and Latvia. The company offers multi-family and single-family houses; and develops homes for consumers and investors, such as pension funds, alongside municipalities, and other stakeholders. As of December 31, 2019, it had 33,300 building rights. Bonava AB (publ) is headquartered in Stockholm, Sweden.

Details
Name: Bonava AB (publ)
BONAAS
Exchange: BATS-CHIXE
Founded:
SEK4,999,051,510
107,620,761
Website: http://www.bonava.com
Address: Bonava AB (publ)
Lindhagensgatan 72,
Stockholm,
Stockholm County, 112 18,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BONAV B Class B Shares OMX Nordic Exchange Stockholm SE SEK 09. Jun 2016
DB 66B Class B Shares Deutsche Boerse AG DE EUR 09. Jun 2016
LSE 0RHA Class B Shares London Stock Exchange GB SEK 09. Jun 2016
BRSE 66B Class B Shares Berne Stock Exchange CH CHF 09. Jun 2016
BATS-CHIXE BONABS Class B Shares BATS 'Chi-X Europe' GB SEK 09. Jun 2016
OM BONAV A Class A Shares OMX Nordic Exchange Stockholm SE SEK 09. Jun 2016
DB 66BA Class A Shares Deutsche Boerse AG DE EUR 09. Jun 2016
LSE 0RH6 Class A Shares London Stock Exchange GB SEK 09. Jun 2016
BATS-CHIXE BONAAS Class A Shares BATS 'Chi-X Europe' GB SEK 09. Jun 2016
Number of employees
Current staff
Staff numbers
1,914
Bonava employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 20:17
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/10
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.