The Discounted Cash Flow (DCF) valuation of BHG Group AB (BHG.ST) is (3.94) SEK. With the latest stock price at 24.08 SEK, the upside of BHG Group AB based on DCF is -116.4%.
Based on the latest price of 24.08 SEK and our DCF valuation, BHG Group AB (BHG.ST) is a sell. Selling BHG.ST stocks now will result in a potential gain of 116.4%.
Note: valuation result may not be accurate due to the company's negative earnings.
Range | Selected | |
WACC / Discount Rate | 6.5% - 8.9% | 7.7% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | (6.84) - 2.52 | (3.94) |
Upside | -128.4% - -89.5% | -116.4% |
(SEK in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 9,962 | 10,279 | 10,898 | 11,444 | 11,975 | 12,330 |
% Growth | 16% | 3% | 6% | 5% | 5% | 3% |
Cost of goods sold | (7,537) | (7,621) | (7,919) | (8,149) | (8,356) | (8,432) |
% of Revenue | 76% | 74% | 73% | 71% | 70% | 68% |
Selling, G&A expenses | (861) | (888) | (942) | (989) | (1,035) | (1,066) |
% of Revenue | 9% | 9% | 9% | 9% | 9% | 9% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (2,201) | (2,271) | (2,408) | (2,528) | (2,645) | (2,724) |
% of Revenue | 22% | 22% | 22% | 22% | 22% | 22% |
Tax expense | (3) | 111 | 82 | 49 | 14 | (24) |
Tax rate | 1% | 22% | 22% | 22% | 22% | 22% |
Net profit | (640) | (390) | (288) | (173) | (48) | 84 |
% Margin | -6% | -4% | -3% | -2% | 0% | 1% |