Bonava annual report

bouhlalyounes10 Feb 6, 2023

On 2 Feb 2023 Bonava released its annual results for 2022 – shares dropped by more than 10% on that day.

Actually, it is not the first time when Bonava disappointed investors.
The Company is constantly showing weak results over the last 6 years:

Capitalization decreased 4 times – from SEK 12.4 bn in 2017 to SEK 3.2 bn in 2022
Share price dropped by 71% in the period
Net income decreased 3 times – from 1.4 bn in 2017 to 0.6bn in 2022 which resulted in net profit margin decrease from 10.4% to 3.2%
EPS decreased from 13.0 to 7.36 SEK per share
Total debt and leverage increased

bbk365 Feb 6, 2023

May be it is temporary. May be it is time to buy?

bouhlalyounes10 Feb 6, 2023

No, I think it is time to sell.
Bonava faces growing construction costs as a result of rapidly growing inflation.

bouhlalyounes10 Feb 6, 2023

At the same time the company cannot increase sales price because demand is very sensitive to further price increase which is already record high.

bbk365 Feb 6, 2023

Plus they have relatively high debt and it tend to grow over the last periods. Average interest rate increased from 2.18% in 4Q2020 to 4.2% in 4Q2022.

Praveen Chawla Feb 6, 2023

The stock is selling at < half of tangible book value. Large margin of safety.
It should recover when the economy recovers.

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.