Financials Bulten AB

Equities

BULTEN

SE0003849223

Auto, Truck & Motorcycle Parts

Market Closed - Nasdaq Stockholm 11:29:34 2024-04-26 am EDT 5-day change 1st Jan Change
82.7 SEK +5.35% Intraday chart for Bulten AB +14.86% +3.38%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,796 1,575 1,885 1,952 1,249 1,679
Enterprise Value (EV) 1 1,966 2,129 2,326 2,590 2,159 3,005
P/E ratio 12.3 x 30.1 x 34 x 13.6 x 22.7 x 16.4 x
Yield 4.54% - 2.23% 2.42% 4.2% 3.13%
Capitalization / Revenue 0.57 x 0.51 x 0.59 x 0.52 x 0.28 x 0.29 x
EV / Revenue 0.63 x 0.69 x 0.73 x 0.69 x 0.48 x 0.52 x
EV / EBITDA 6.78 x 10.7 x 9.61 x 7.94 x 6.39 x 7.05 x
EV / FCF -28 x -59.6 x 6.74 x -16 x -26 x 16.2 x
FCF Yield -3.57% -1.68% 14.8% -6.25% -3.84% 6.17%
Price to Book 1.18 x 1.06 x 1.25 x 1.18 x 0.69 x 0.93 x
Nbr of stocks (in thousands) 20,360 19,988 20,988 20,988 20,988 20,988
Reference price 2 88.20 78.80 89.80 93.00 59.50 80.00
Announcement Date 4/4/19 4/17/20 4/6/21 4/6/22 4/3/23 4/3/24
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,132 3,093 3,195 3,730 4,474 5,757
EBITDA 1 290 199 242 326 338 426
EBIT 1 199 101 133 219 163 237
Operating Margin 6.35% 3.27% 4.16% 5.87% 3.64% 4.12%
Earnings before Tax (EBT) 1 198 92 87 210 155 197
Net income 1 146 53 55 143 55 103
Net margin 4.66% 1.71% 1.72% 3.83% 1.23% 1.79%
EPS 2 7.180 2.620 2.640 6.813 2.621 4.890
Free Cash Flow 1 -70.12 -35.75 344.9 -161.8 -83 185.4
FCF margin -2.24% -1.16% 10.79% -4.34% -1.86% 3.22%
FCF Conversion (EBITDA) - - 142.51% - - 43.52%
FCF Conversion (Net income) - - 627.05% - - 179.98%
Dividend per Share 2 4.000 - 2.000 2.250 2.500 2.500
Announcement Date 4/4/19 4/17/20 4/6/21 4/6/22 4/3/23 4/3/24
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q2
Net sales 1 764 953 1,006
EBITDA - - -
EBIT 31 48 -
Operating Margin 4.06% 5.04% -
Earnings before Tax (EBT) 22 46 -
Net income 14 24 -
Net margin 1.83% 2.52% -
EPS 2 0.6800 1.160 1.320
Dividend per Share - - -
Announcement Date 10/28/21 2/10/22 7/13/22
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 170 554 441 638 910 1,326
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.5862 x 2.784 x 1.822 x 1.957 x 2.692 x 3.113 x
Free Cash Flow 1 -70.1 -35.8 345 -162 -83 185
ROE (net income / shareholders' equity) 9.64% 3.65% 3.32% 9.61% 4.21% 6.93%
ROA (Net income/ Total Assets) 5.51% 2.5% 2.88% 4.22% 2.62% 3.22%
Assets 1 2,651 2,119 1,913 3,390 2,099 3,201
Book Value Per Share 2 74.70 74.10 71.60 79.10 85.70 85.90
Cash Flow per Share 2 0.8900 3.200 11.20 11.50 21.50 16.20
Capex 1 164 218 54 170 267 148
Capex / Sales 5.24% 7.05% 1.69% 4.56% 5.97% 2.57%
Announcement Date 4/4/19 4/17/20 4/6/21 4/6/22 4/3/23 4/3/24
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise