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1. Company Snapshot

1.a. Company Description

Bonava AB (publ) develops and sells residential units in Sweden, Germany, Finland, Denmark, Norway, Estonia, Lithuania, and Latvia.It 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, 2021, the company had 35,300 building rights.


Bonava AB (publ) is headquartered in Stockholm, Sweden.

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1.b. Last Insights on BONAV

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.96%)

6. Segments

Consumers

Expected Growth: 6.43%

Bonava AB's 6.43% growth is driven by increasing demand for sustainable and energy-efficient homes, strategic expansion into new markets, and a strong brand reputation. Additionally, the company's focus on customer-centric approach, innovative products, and efficient production processes have contributed to its growth.

Investors

Expected Growth: 8.23%

Bonava AB's 8.23% growth is driven by increasing demand for sustainable housing, strategic expansion into new markets, and a strong order backlog. The company's focus on urbanization, digitalization, and sustainability resonates with environmentally conscious consumers, leading to higher sales and revenue growth.

Land

Expected Growth: 6.47%

Bonava AB's 6.47% growth in Land segment is driven by increasing demand for sustainable and urban housing, strategic land acquisitions, and efficient project execution. Additionally, the company's focus on mixed-use development and partnerships with local authorities contribute to its growth momentum.

Other

Expected Growth: 7.43%

Bonava AB's 7.43% growth is driven by increasing demand for sustainable housing, strategic expansion into new markets, and a strong focus on project development. Additionally, the company's efficient production process and cost control measures have contributed to improved profitability, further fueling growth.

7. Detailed Products

Housing Development

Bonava AB develops and sells housing projects, including apartments and single-family homes, to individuals and investors.

Project Development

Bonava AB develops and sells project rights to other developers, investors, and municipalities.

Property Management

Bonava AB provides property management services, including rental and maintenance, to property owners and investors.

Urban Planning

Bonava AB provides urban planning services, including master planning and urban design, to municipalities and developers.

Construction Services

Bonava AB provides construction services, including project management and construction management, to developers and property owners.

8. Bonava AB (publ)'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Bonava AB (publ) is moderate due to the presence of alternative housing options, but the company's focus on sustainable and high-quality homes helps to differentiate it from competitors.

Bargaining Power Of Customers

The bargaining power of customers is relatively low due to the fragmented nature of the housing market and the lack of large, centralized buyers.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate due to the presence of multiple suppliers in the market, but the company's scale and negotiating power help to mitigate this risk.

Threat Of New Entrants

The threat of new entrants is relatively low due to the high barriers to entry in the housing market, including regulatory hurdles and the need for significant capital investment.

Intensity Of Rivalry

The intensity of rivalry in the housing market is high due to the presence of multiple competitors and the need for companies to differentiate themselves through quality, price, and sustainability.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 46.44%
Debt Cost 9.18%
Equity Weight 53.56%
Equity Cost 10.06%
WACC 9.65%
Leverage 86.72%

11. Quality Control: Bonava AB (publ) passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Kaufman & Broad

A-Score: 6.3/10

Value: 7.7

Growth: 4.7

Quality: 6.1

Yield: 10.0

Momentum: 2.0

Volatility: 7.3

1-Year Total Return ->

Stock-Card
Crest Nicholson

A-Score: 4.5/10

Value: 9.4

Growth: 0.6

Quality: 4.4

Yield: 5.6

Momentum: 3.5

Volatility: 3.3

1-Year Total Return ->

Stock-Card
MJ Gleeson

A-Score: 4.4/10

Value: 8.2

Growth: 4.6

Quality: 5.9

Yield: 5.0

Momentum: 0.0

Volatility: 3.0

1-Year Total Return ->

Stock-Card
Orascom Development Holding

A-Score: 4.3/10

Value: 7.2

Growth: 4.0

Quality: 2.3

Yield: 0.0

Momentum: 9.0

Volatility: 3.3

1-Year Total Return ->

Stock-Card
JM

A-Score: 4.2/10

Value: 5.9

Growth: 4.3

Quality: 4.1

Yield: 6.2

Momentum: 1.5

Volatility: 3.3

1-Year Total Return ->

Stock-Card
Bonava

A-Score: 3.8/10

Value: 7.5

Growth: 1.7

Quality: 2.3

Yield: 1.9

Momentum: 8.0

Volatility: 1.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

10.16$

Current Price

10.16$

Potential

-0.00%

Expected Cash-Flows