Added to YB: 2025-05-14
Pitch date: 2025-05-12
BONAV-B.ST [neutral]
Bonava AB (publ)
-12.04%
current return
Author Info
Valuing Dutchman is a value investor specializing in European family owned businesses and worldwide Deep Value. Full time investor since 2010, Investment writer since 2011 and co-founder Chess Capital fund. Sign up for the newsletter.
Company Info
Bonava AB (publ) operates as a residential developer in Germany, Sweden, Finland, Norway, Estonia, Latvia, and Lithuania.
Market Cap
SEK 3.9B
Pitch Price
SEK 11.96
Price Target
21.23 (+97%)
Dividend
N/A
EV/EBITDA
100.70
P/E
-6.48
EV/Sales
0.95
Sector
Household Durables
Category
value
Bonava: small improvement
BONAV-B.ST (earnings update): Swedish homebuilder at 0.55x tangible book value. Q1 loss but sales up 95% (589 vs 302 YoY), construction starts +71%. 66% of 3,298 units under construction pre-sold vs 54% LY. Debt manageable with green bond issued, first maturity 2027. Germany = 55% of revenue. Hold as price +26% since last review.
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