BANG & OLUFSEN A/S |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.43 DKK | +1.62% |
|
+4.31% | -2.18% |
| Apr. 10 | Bang & Olufsen: results up, despite lower sales | CF |
| Apr. 10 | Transcript : Bang & Olufsen a/s, Q3 2024 Earnings Call, Apr 10, 2024 |
Valuation
| Fiscal Period: May | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,127 | 996.4 | 3,878 | 1,989 | 1,346 | 1,141 | - | - |
| Enterprise Value (EV) 1 | 1,707 | 1,003 | 3,517 | 1,884 | 1,327 | 1,157 | 1,128 | 1,061 |
| P/E ratio | 104 x | -1.73 x | -161 x | -83.2 x | -7.49 x | 78.6 x | 23 x | 7.67 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.75 x | 0.49 x | 1.48 x | 0.67 x | 0.49 x | 0.45 x | 0.42 x | 0.37 x |
| EV / Revenue | 0.6 x | 0.49 x | 1.34 x | 0.64 x | 0.48 x | 0.45 x | 0.42 x | 0.34 x |
| EV / EBITDA | 6.85 x | -6.83 x | 17.3 x | 7.33 x | 11.3 x | 4.07 x | 3.35 x | 2.21 x |
| EV / FCF | -6.27 x | -4.29 x | 29.6 x | -10.9 x | -66.4 x | 42.1 x | 21.4 x | 6.98 x |
| FCF Yield | -15.9% | -23.3% | 3.38% | -9.18% | -1.51% | 2.38% | 4.68% | 14.3% |
| Price to Book | 1.5 x | 1.2 x | 3.42 x | 1.81 x | 1.41 x | 1.2 x | 1.14 x | 0.99 x |
| Nbr of stocks (in thousands) | 40,899 | 40,834 | 120,660 | 119,527 | 119,788 | 121,004 | - | - |
| Reference price 2 | 52.00 | 24.40 | 32.14 | 16.64 | 11.24 | 9.430 | 9.430 | 9.430 |
| Announcement Date | 7/11/19 | 7/7/20 | 7/7/21 | 7/6/22 | 7/6/23 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: May | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,838 | 2,036 | 2,629 | 2,948 | 2,752 | 2,547 | 2,689 | 3,113 |
| EBITDA 1 | 249 | -147 | 203 | 257 | 117 | 284.2 | 336.7 | 481 |
| EBIT 1 | 59 | -304 | 38 | 54 | -105 | 40.67 | 93.51 | 223 |
| Operating Margin | 2.08% | -14.93% | 1.45% | 1.83% | -3.82% | 1.6% | 3.48% | 7.16% |
| Earnings before Tax (EBT) 1 | 33 | -367 | -33 | -8 | -152 | 15.21 | 64.82 | 193 |
| Net income 1 | 19 | -576 | -23 | -30 | -141 | 14.45 | 50.8 | 150 |
| Net margin | 0.67% | -28.29% | -0.87% | -1.02% | -5.12% | 0.57% | 1.89% | 4.82% |
| EPS 2 | 0.5000 | -14.10 | -0.2000 | -0.2000 | -1.500 | 0.1200 | 0.4100 | 1.230 |
| Free Cash Flow 1 | -272 | -234 | 119 | -173 | -20 | 27.5 | 52.8 | 152 |
| FCF margin | -9.58% | -11.49% | 4.53% | -5.87% | -0.73% | 1.08% | 1.96% | 4.88% |
| FCF Conversion (EBITDA) | - | - | 58.62% | - | - | 9.68% | 15.68% | 31.6% |
| FCF Conversion (Net income) | - | - | - | - | - | 190.31% | 103.95% | 101.33% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 7/11/19 | 7/7/20 | 7/7/21 | 7/6/22 | 7/6/23 | - | - | - |
1DKK in Million2DKK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: May | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 809 | 775 | 698 | 612 | 859 | - | 502 | 619 | 700 | 611 |
| EBITDA 1 | 81 | 52 | 65 | -32 | 67 | - | - | - | 78 | 56.3 |
| EBIT 1 | 28 | 6 | 12 | -85 | 14 | - | 9 | 16 | 21 | -5.71 |
| Operating Margin | 3.46% | 0.77% | 1.72% | -13.89% | 1.63% | - | 1.79% | 2.58% | 3% | -0.93% |
| Earnings before Tax (EBT) | 17 | -17 | -10 | -103 | 2 | - | 4 | 11 | 5 | - |
| Net income | 10 | -16 | -25 | -100 | 3 | -55 | 11 | 7 | 8 | - |
| Net margin | 1.24% | -2.06% | -3.58% | -16.34% | 0.35% | - | 2.19% | 1.13% | 1.14% | - |
| EPS | 0.1000 | - | -0.2000 | -0.8000 | - | -0.5000 | - | 0.1000 | 0.1000 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/12/22 | 4/7/22 | 7/6/22 | 10/5/22 | 1/11/23 | 4/13/23 | 7/6/23 | 10/11/23 | 1/10/24 | - |
1DKK in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: May | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 7 | - | - | - | 15.5 | - | - |
| Net Cash position 1 | 420 | - | 361 | 105 | 19 | - | 13.2 | 79.8 |
| Leverage (Debt/EBITDA) | - | -0.0476 x | - | - | - | 0.0546 x | - | - |
| Free Cash Flow 1 | -272 | -234 | 119 | -173 | -20 | 27.5 | 52.8 | 152 |
| ROE (net income / shareholders' equity) | 1.4% | -28.4% | -2.1% | -2.7% | -14.7% | 1.5% | 5.15% | 13.7% |
| ROA (Net income/ Total Assets) | 0.8% | - | - | - | - | - | - | - |
| Assets 1 | 2,375 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 34.80 | 20.40 | 9.390 | 9.200 | 8.000 | 7.860 | 8.280 | 9.530 |
| Cash Flow per Share 2 | -3.200 | -1.960 | 2.420 | 0.6200 | 1.610 | 1.900 | 2.100 | 2.900 |
| Capex 1 | 153 | 168 | 184 | 249 | 223 | 197 | 206 | 208 |
| Capex / Sales | 5.39% | 8.25% | 7% | 8.45% | 8.1% | 7.73% | 7.66% | 6.68% |
| Announcement Date | 7/11/19 | 7/7/20 | 7/7/21 | 7/6/22 | 7/6/23 | - | - | - |
1DKK in Million2DKK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
9.43
DKK
Average target price
11.5
DKK
Spread / Average Target
+21.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.18% | 163M | |
| -4.19% | 19.84B | |
| -10.81% | 11.28B | |
| +30.66% | 6.15B | |
| +9.46% | 3.92B | |
| +6.79% | 3.72B | |
| +0.95% | 3.4B | |
| -3.05% | 3.38B | |
| -18.57% | 3.38B | |
| +0.84% | 2.42B |
- Stock Market
- Equities
- BO Stock
- Financials Bang & Olufsen a/s
