Cash flow Bonava AB

Equities

BONAV B

SE0008091581

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2026-01-22 pm EST			5-day change	1st Jan Change
12.38 ^SEK	+7.65%		+14.63%	+12.14%

Jan. 19	Nordea Fonder Increases Stake to 6.3 Percent of Capital in Bonava	FW
Jan. 16	Nordea Brokers Another Major Stake in Bonava (Update)	FW

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Published financial data: BONAVA AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	17B	15.49B	15.71B	13.27B	8.19B
Total Revenues	17B	15.49B	15.71B	13.27B	8.19B
Cost of Goods Sold, Total	15.02B	13.37B	13.85B	11.85B	7.51B
Gross Profit	1.98B	2.12B	1.86B	1.42B	680M
Selling General & Admin Expenses, Total	810M	882M	908M	760M	658M
Amortization of Goodwill and Intangible Assets - (IS)	47M	-	-	-	-
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	857M	882M	908M	760M	658M
Operating Income	1.12B	1.24B	949M	660M	22M
Interest Expense, Total	-113M	-126M	-184M	-488M	-468M
Interest And Investment Income	16M	17M	8M	19M	-
Net Interest Expenses	-97M	-109M	-176M	-469M	-468M
Currency Exchange Gains (Loss)	2M	-	-6M	-10M	13M
Other Non Operating Income (Expenses)	-27M	-27M	-16M	-40M	-68M
EBT, Excl. Unusual Items	1B	1.1B	751M	141M	-501M
Restructuring Charges	-	-146M	-56M	-435M	-
Asset Writedown	-	-102M	-	-844M	-
Other Unusual Items	-	168M	-	-	-
EBT, Incl. Unusual Items	1B	1.02B	695M	-1.14B	-501M
Income Tax Expense	267M	212M	190M	5M	17M
Earnings From Continuing Operations	733M	808M	505M	-1.14B	-518M
Earnings Of Discontinued Operations	-	-	-808M	-194M	-
Net Income to Company	733M	808M	-303M	-1.34B	-518M
Minority Interest	-	-	-	-	-
Net Income - (IS)	733M	808M	-303M	-1.34B	-518M
Net Income to Common Incl Extra Items	733M	808M	-303M	-1.34B	-518M
Net Income to Common Excl. Extra Items	733M	808M	505M	-1.14B	-518M
Per Share Items
Net EPS - Basic	6.82	7.54	-2.83	-12.47	-1.85
Basic EPS - Continuing Operations	6.82	7.54	4.71	-10.66	-1.85
Basic Weighted Average Shares Outstanding	107M	107M	107M	107M	280M
Net EPS - Diluted	6.82	7.54	-2.83	-12.47	-1.85
Diluted EPS - Continuing Operations	6.82	7.54	4.71	-10.66	-1.85
Diluted Weighted Average Shares Outstanding	107M	107M	107M	107M	280M
Normalized Basic EPS	5.82	6.41	4.38	0.82	-1.12
Normalized Diluted EPS	5.82	6.41	4.38	0.82	-1.12
Dividend Per Share	3.25	3.5	-	-	-
Payout Ratio	-	69.68	-123.76	-	-
Supplemental Items
EBITDA	1.25B	1.36B	1.03B	704M	58M
EBITA	1.2B	1.31B	975M	666M	22M
EBIT	1.12B	1.24B	949M	660M	22M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	26.7	20.78	27.34	-0.44	-3.39
Total Current Taxes	273M	287M	248M	-19M	4M
Total Deferred Taxes	-7M	-74M	-58M	25M	13M
Normalized Net Income	625M	688M	469M	88.12M	-313M
Interest on Long-Term Debt	8M	8M	7M	7M	7M
Non-Cash Pension Expense	105M	115M	103M	97M	66M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	-2M	7M	-7M	-	-
Total Stock-Based Compensation	-2M	7M	-7M	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.39B	1.07B	119M	180M	593M
Total Cash And Short Term Investments	1.39B	1.07B	119M	180M	593M
Accounts Receivable, Total	467M	675M	367M	325M	339M
Other Receivables	458M	703M	269M	315M	160M
Total Receivables	925M	1.38B	636M	640M	499M
Inventory	19.5B	20.24B	22.74B	16.7B	14.76B
Prepaid Expenses	126M	87M	150M	173M	57M
Other Current Assets, Total	88M	66M	967M	48M	13M
Total Current Assets	22.03B	22.83B	24.61B	17.74B	15.92B
Gross Property Plant And Equipment	771M	830M	796M	708M	694M
Accumulated Depreciation	-304M	-358M	-427M	-413M	-427M
Net Property Plant And Equipment	467M	472M	369M	295M	267M
Long-term Investments	3M	3M	-	-	-
Goodwill	22M	77M	77M	22M	22M
Other Intangibles, Total	130M	40M	6M	0	-
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	103M	227M	178M	136M	137M
Other Long-Term Assets, Total	122M	58M	342M	906M	911M
Total Assets	22.87B	23.71B	25.58B	19.1B	17.25B
Liabilities
Accounts Payable, Total	636M	680M	652M	337M	292M
Accrued Expenses, Total	274M	320M	338M	242M	194M
Current Portion of Long-Term Debt	1.56B	1.99B	3.44B	5.54B	1.34B
Current Portion of Leases	91M	88M	90M	58M	56M
Current Income Taxes Payable	240M	272M	407M	264M	112M
Unearned Revenue Current, Total	6.23B	6.6B	5.1B	3.13B	3.21B
Other Current Liabilities	1.83B	1.69B	2.58B	1.48B	1.38B
Total Current Liabilities	10.86B	11.63B	12.61B	11.04B	6.58B
Long-Term Debt	2.93B	2.23B	3.46B	126M	2.81B
Long-Term Leases	132M	164M	136M	102M	103M
Deferred Tax Liability Non Current	125M	122M	52M	30M	42M
Other Non Current Liabilities	908M	1.24B	1.34B	1.19B	528M
Total Liabilities	14.95B	15.39B	17.6B	12.5B	10.06B
Common Stock, Total	434M	434M	434M	434M	538M
Additional Paid In Capital	4.57B	4.57B	4.57B	4.57B	5.37B
Retained Earnings	3B	3.24B	2.56B	1.23B	817M
Comprehensive Income and Other	-81M	70M	413M	367M	461M
Total Common Equity	7.92B	8.32B	7.98B	6.6B	7.18B
Minority Interest	4M	5M	5M	5M	5M
Total Equity	7.92B	8.32B	7.98B	6.6B	7.19B
Total Liabilities And Equity	22.87B	23.71B	25.58B	19.1B	17.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	107M	107M	107M	322M	322M
ECS Total Common Shares Outstanding	107M	107M	107M	107M	322M
Book Value / Share	73.87	77.6	74.44	61.54	22.34
Tangible Book Value	7.77B	8.2B	7.9B	6.57B	7.16B
Tangible Book Value Per Share	72.45	76.51	73.66	61.33	22.27
Total Debt	4.72B	4.47B	7.12B	5.82B	4.31B
Net Debt	3.33B	3.41B	7.01B	5.64B	3.72B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	4M	5M	5M	5M	5M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	7.3B	7.37B	10.32B	9.3B	8.54B
Inventories - Work In Process, Total	10.8B	12.58B	12.09B	7.04B	6.67B
Inventories - Finished Goods, Total	1.74B	740M	829M	1.62B	1.04B
Inventories - Others	20M	8M	37M	33M	33M
Machinery, Total	415M	415M	444M	448M	437M
Full Time Employees	1.82K	1.96K	1.86K	1.26K	890
Part Time Employees	73	93	103	78	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	16M	16M	16M	12M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	733M	808M	-303M	-1.34B	-518M
Depreciation & Amortization - CF	151M	152M	150M	126M	109M
Amortization of Goodwill and Intangible Assets - (CF)	77M	71M	26M	6M	-
Depreciation & Amortization, Total	228M	223M	176M	132M	109M
Asset Writedown & Restructuring Costs	-	-	877M	938M	271M
Other Operating Activities, Total	433M	-40M	-222M	496M	-780M
Change In Accounts Receivable	-61M	-204M	597M	4M	299M
Change In Inventories	336M	-398M	-2.68B	3.21B	2.13B
Change in Other Net Operating Assets	2.12B	330M	-1.69B	-3.78B	-943M
Cash from Operations	3.79B	719M	-3.24B	-337M	566M
Capital Expenditure	-108M	-100M	-107M	-209M	-45M
Sale of Property, Plant, and Equipment	1M	11M	3M	24M	9M
Cash Acquisitions	-32M	-	-	-	-
Divestitures	-	-	-	1.24B	93M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	11M	1M	-	-	-1M
Cash from Investing	-128M	-88M	-104M	1.05B	56M
Long-Term Debt Issued, Total	2.67B	2.08B	4.76B	6.66B	7.48B
Total Debt Issued	2.67B	2.08B	4.76B	6.66B	7.48B
Long-Term Debt Repaid, Total	-5.33B	-2.44B	-1.99B	-7.5B	-8.73B
Total Debt Repaid	-5.33B	-2.44B	-1.99B	-7.5B	-8.73B
Issuance of Common Stock	-	-	-	-	1.05B
Repurchase of Common Stock	-19M	-	-	-	-
Common Dividends Paid	-	-563M	-375M	-	-
Common & Preferred Stock Dividends Paid	-	-563M	-375M	-	-
Other Financing Activities, Total	2M	-70M	90M	-	-38M
Cash from Financing	-2.68B	-987M	2.49B	-833M	-237M
Foreign Exchange Rate Adjustments	-98M	35M	97M	-6M	29M
Miscellaneous Cash Flow Adjustments	-	-	-	-1M	-1M
Net Change in Cash	888M	-321M	-763M	-123M	413M
Supplemental Items
Cash Interest Paid	100M	107M	163M	474M	433M
Cash Income Tax Paid (Refund)	184M	265M	149M	139M	159M
Levered Free Cash Flow	3.89B	49.75M	-2.66B	3.33B	1.75B
Unlevered Free Cash Flow	3.96B	128M	-2.54B	3.64B	2.05B
Change In Net Working Capital	-3.14B	774M	3.2B	-3.3B	-1.97B
Net Debt Issued / Repaid	-2.66B	-354M	2.77B	-833M	-1.25B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.03	3.32	2.41	1.85	0.08
Return on Total Capital	5.09	6.07	4.25	3	0.11
Return On Equity %	9.48	9.95	6.19	-15.67	-7.51
Return on Common Equity	9.49	9.95	6.2	-15.68	-7.52
Margin Analysis
Gross Profit Margin %	11.64	13.67	11.82	10.7	8.3
SG&A Margin	4.77	5.69	5.78	5.73	8.03
EBITDA Margin %	7.34	8.78	6.55	5.31	0.71
EBITA Margin %	7.05	8.44	6.21	5.02	0.27
EBIT Margin %	6.6	7.98	6.04	4.97	0.27
Income From Continuing Operations Margin %	4.31	5.22	3.22	-8.61	-6.32
Net Income Margin %	4.31	5.22	-1.93	-10.08	-6.32
Net Avail. For Common Margin %	4.31	5.22	3.22	-8.61	-6.32
Normalized Net Income Margin	3.68	4.44	2.99	0.66	-3.82
Levered Free Cash Flow Margin	22.87	0.32	-16.91	25.1	21.41
Unlevered Free Cash Flow Margin	23.28	0.83	-16.18	27.4	24.98
Asset Turnover
Asset Turnover	0.73	0.67	0.64	0.59	0.45
Fixed Assets Turnover	36.28	32.99	37.35	39.97	29.16
Receivables Turnover (Average Receivables)	34.27	27.13	30.15	38.35	24.68
Inventory Turnover (Average Inventory)	0.74	0.67	0.64	0.6	0.48
Short Term Liquidity
Current Ratio	2.03	1.96	1.95	1.61	2.42
Quick Ratio	0.21	0.21	0.06	0.07	0.17
Operating Cash Flow to Current Liabilities	0.35	0.06	-0.26	-0.03	0.09
Days Sales Outstanding (Average Receivables)	10.68	13.45	12.11	9.52	14.83
Days Outstanding Inventory (Average Inventory)	492.7	542.3	566.28	607.34	766
Average Days Payable Outstanding	18.09	17.02	14.87	31.06	20.66
Cash Conversion Cycle (Average Days)	485.29	538.73	563.52	585.79	760.17
Long Term Solvency
Total Debt/Equity	59.54	53.74	89.24	88.2	59.95
Total Debt / Total Capital	37.32	34.96	47.16	46.86	37.48
LT Debt/Equity	38.65	28.79	45	3.45	40.52
Long-Term Debt / Total Capital	24.23	18.72	23.78	1.84	25.33
Total Liabilities / Total Assets	65.37	64.9	68.79	65.43	58.33
EBIT / Interest Expense	9.93	9.81	5.16	1.35	0.05
EBITDA / Interest Expense	11.95	11.58	6.11	1.62	0.28
(EBITDA - Capex) / Interest Expense	10.99	10.79	5.53	1.19	0.18
Total Debt / EBITDA	3.49	3.07	6.33	7.35	32.9
Net Debt / EBITDA	2.47	2.34	6.23	7.12	28.37
Total Debt / (EBITDA - Capex)	3.8	3.29	7	9.99	50.12
Net Debt / (EBITDA - Capex)	2.68	2.51	6.88	9.68	43.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.84	-8.86	6.51	-5.13	-38.25
Gross Profit, 1 Yr. Growth %	-6.03	7.02	-3.58	-15.93	-52.11
EBITDA, 1 Yr. Growth %	-6.09	8.97	-15.04	-25.27	-91.76
EBITA, 1 Yr. Growth %	-6.69	9.01	-15.44	-24.66	-96.7
EBIT, 1 Yr. Growth %	-6.58	10.16	-12.29	-23.08	-96.67
Earnings From Cont. Operations, 1 Yr. Growth %	19.19	10.23	-25.84	-359.77	-54.68
Net Income, 1 Yr. Growth %	19.19	10.23	-137.5	341.25	-61.26
Normalized Net Income, 1 Yr. Growth %	-8.51	10	-20.11	-78.8	-455.32
Diluted EPS Before Extra, 1 Yr. Growth %	19.41	10.44	-25.84	-359.77	-82.64
Accounts Receivable, 1 Yr. Growth %	-11.05	44.54	-45.63	-11.44	4.31
Inventory, 1 Yr. Growth %	-6.84	3.77	12.34	-26.56	-11.63
Net Property, Plant and Equip., 1 Yr. Growth %	-0.64	1.07	-21.82	-20.05	-9.49
Total Assets, 1 Yr. Growth %	-2.61	3.66	7.88	-25.34	-9.65
Tangible Book Value, 1 Yr. Growth %	5.72	5.6	-3.72	-16.74	8.94
Common Equity, 1 Yr. Growth %	5.07	5.05	-4.08	-17.33	8.91
Cash From Operations, 1 Yr. Growth %	900	-81.03	-550.9	-89.61	-267.95
Capital Expenditures, 1 Yr. Growth %	-7.69	-7.41	7	95.33	-78.47
Levered Free Cash Flow, 1 Yr. Growth %	-634.24	-98.72	5.77K	-222.99	-47.33
Unlevered Free Cash Flow, 1 Yr. Growth %	-691.19	-96.75	-7.98K	-240	-43.7
Dividend Per Share, 1 Yr. Growth %	-	7.69	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.15	0.05	-3.87	-5.14	-23.46
Gross Profit, 2 Yr. CAGR %	-12.01	0.28	-3.13	-14.14	-36.55
EBITDA, 2 Yr. CAGR %	-16.31	1.16	-9.24	-23.72	-75.19
EBITA, 2 Yr. CAGR %	-16.87	0.85	-9.82	-24	-84.22
EBIT, 2 Yr. CAGR %	-17.61	1.45	-8.03	-21.9	-83.99
Earnings From Cont. Operations, 2 Yr. CAGR %	-23.88	14.62	-17	29.55	8.5
Net Income, 2 Yr. CAGR %	-23.88	14.62	-35.71	28.64	30.75
Normalized Net Income, 2 Yr. CAGR %	-18.73	0.32	-13.34	-61.27	-13.2
Diluted EPS Before Extra, 2 Yr. CAGR %	-23.75	14.84	-16.92	29.55	-32.85
Accounts Receivable, 2 Yr. CAGR %	-8.76	13.39	-11.35	-30.61	-3.89
Inventory, 2 Yr. CAGR %	2.35	-1.68	7.97	-9.17	-19.44
Net Property, Plant and Equip., 2 Yr. CAGR %	33	0.21	-11.11	-20.94	-14.94
Total Assets, 2 Yr. CAGR %	4.18	0.48	5.75	-10.26	-17.87
Tangible Book Value, 2 Yr. CAGR %	3.89	5.66	0.83	-10.47	-4.76
Common Equity, 2 Yr. CAGR %	3.74	5.06	0.38	-10.95	-5.11
Cash From Operations, 2 Yr. CAGR %	145.27	37.74	-7.51	-31.54	-58.22
Capital Expenditures, 2 Yr. CAGR %	-18.6	-7.55	-0.46	44.57	-35.15
Levered Free Cash Flow, 2 Yr. CAGR %	129.31	-73.85	-17.34	757.92	-19.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	143.42	-56.19	-19.87	961.74	-11.22
Dividend Per Share, 2 Yr. CAGR %	-20.94	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.49	3.41	0.5	-7.92	-17.79
Gross Profit, 3 Yr. CAGR %	-10.59	-6.07	-4.11	-10.47	-29.32
EBITDA, 3 Yr. CAGR %	-14.62	-8.61	-8.2	-17.37	-63.67
EBITA, 3 Yr. CAGR %	-15.41	-9.01	-8.79	-17.8	-73.28
EBIT, 3 Yr. CAGR %	-16.78	-9.24	-7.55	-16.21	-72.71
Earnings From Cont. Operations, 3 Yr. CAGR %	-19.44	-13.88	-6.36	15.96	-8.72
Net Income, 3 Yr. CAGR %	-19.44	-13.88	-21.02	22.18	-13.77
Normalized Net Income, 3 Yr. CAGR %	-16.55	-10.1	-11.76	-47.95	-18.92
Diluted EPS Before Extra, 3 Yr. CAGR %	-19.32	-13.73	-6.24	16.03	-33.71
Accounts Receivable, 3 Yr. CAGR %	-3.83	6.36	-11.25	-11.38	-20.51
Inventory, 3 Yr. CAGR %	6.73	2.82	2.79	-5.04	-10
Net Property, Plant and Equip., 3 Yr. CAGR %	28.52	21.37	-7.75	-14.2	-17.3
Total Assets, 3 Yr. CAGR %	5.08	4.01	2.88	-5.84	-10.05
Tangible Book Value, 3 Yr. CAGR %	6.43	4.46	2.44	-5.4	-4.42
Common Equity, 3 Yr. CAGR %	6.08	4.18	1.92	-5.91	-4.77
Cash From Operations, 3 Yr. CAGR %	254.6	4.5	104.51	-55.37	-7.67
Capital Expenditures, 3 Yr. CAGR %	-8.29	-15.03	-2.93	24.62	-23.37
Levered Free Cash Flow, 3 Yr. CAGR %	77.58	-59.32	53.98	-5.02	238.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	88.9	-42.27	55.99	-2.79	298.88
Dividend Per Share, 3 Yr. CAGR %	-14.5	-12.36	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.39	2.8	1.64	-1.08	-11.94
Gross Profit, 5 Yr. CAGR %	-0.76	-1.26	-7.68	-11.09	-20.24
EBITDA, 5 Yr. CAGR %	-3.34	-4.22	-12.51	-16.95	-46.55
EBITA, 5 Yr. CAGR %	-3.82	-4.73	-13.22	-17.43	-55.67
EBIT, 5 Yr. CAGR %	-4.83	-5.58	-13.39	-16.77	-55.07
Earnings From Cont. Operations, 5 Yr. CAGR %	-1.68	-4.27	-18.47	-2.01	-3.37
Net Income, 5 Yr. CAGR %	-0.9	-4.23	-26.39	1.11	-3.37
Normalized Net Income, 5 Yr. CAGR %	-0.83	-4.22	-15.28	-37.8	-14.45
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.73	-4.02	-18.37	-1.91	-20.19
Accounts Receivable, 5 Yr. CAGR %	-10.34	-0.61	-6.91	-10.34	-8.38
Inventory, 5 Yr. CAGR %	9.51	8.16	7.23	-2.15	-6.76
Net Property, Plant and Equip., 5 Yr. CAGR %	33.29	20.21	10.9	2.25	-10.69
Total Assets, 5 Yr. CAGR %	8.09	7.17	5.35	-1.95	-5.98
Tangible Book Value, 5 Yr. CAGR %	11.1	8.41	4.15	-1.79	-0.51
Common Equity, 5 Yr. CAGR %	11.13	8.05	3.76	-2.16	-0.95
Cash From Operations, 5 Yr. CAGR %	21.19	0.31	107.15	-11.76	8.35
Capital Expenditures, 5 Yr. CAGR %	14.04	-10.59	-5.23	5.1	-17.4
Levered Free Cash Flow, 5 Yr. CAGR %	19.94	-33.64	30.79	35.13	19.25
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.46	-24.91	34.04	40.34	25.05
Dividend Per Share, 5 Yr. CAGR %	1.61	-1.63	-	-	-