BHG Group AB (SE:BHG)
:BHG
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BHG Group AB
(BHG)
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Rating:53Neutral
Price Target:
kr24.00
▼(-24.24% Downside)
Action:ReiteratedDate:01/29/26
The score is driven primarily by improving but still volatile financial performance (recent return to profitability, moderate balance-sheet support, but thin margins and uneven results) and a mixed technical setup (longer-term uptrend vs. near-term weakness). A high P/E with no dividend support weighs materially on the overall score.
Positive Factors
Return to profitability
Re-establishing profitability in 2025 signals that operational adjustments and cost discipline have begun to work. Sustained positive earnings, if maintained, improve capacity to fund working capital, reinvest in logistics and marketing, and reduce reliance on external financing over the medium term.
Negative Factors
Thin profitability margins
Persistently thin gross and net margins limit the company’s ability to absorb cost shocks (freight, input prices) and constrain cash available for reinvestment. Over time, low margins reduce returns on invested capital and make the business sensitive to competitive pricing and supplier cost swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability
Re-establishing profitability in 2025 signals that operational adjustments and cost discipline have begun to work. Sustained positive earnings, if maintained, improve capacity to fund working capital, reinvest in logistics and marketing, and reduce reliance on external financing over the medium term.
Read all positive factors
BHG Group AB (BHG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr4.28B
Dividend YieldN/A
Average Volume (3M)288.41K
Price to Earnings (P/E)39.5
Beta (1Y)1.08
Revenue Growth5.27%
EPS Growth15.33%
CountrySE
Employees1,347
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.22
Shares Outstanding179,233,570
10 Day Avg. Volume350,471
30 Day Avg. Volume288,410
Financial Highlights & Ratios
PEG Ratio-0.33
Price to Book (P/B)0.98
Price to Sales (P/S)0.54
P/FCF Ratio14.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.77
Revenue Forecast (FY)kr11.31B
BHG Group AB Business Overview & Revenue Model
Company Description
BHG Group AB (publ) operates as a consumer e-commerce company in Sweden, Finland, Denmark, Norway, rest of Europe, and internationally. It operates in two segments, Do-It-Yourself (DIY) and Home Furnishing. The company offers a range of brands tot...
How the Company Makes Money
BHG primarily makes money by purchasing home-improvement and home-related products from suppliers and reselling them to end customers through its various e-commerce stores, earning a gross margin on the difference between purchase cost and selling...
BHG Group AB Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.58B | 9.96B | 11.79B | 13.43B | 12.67B |
| Gross Profit | 308.20M | 2.43B | 1.87B | 2.98B | 3.36B |
| EBITDA | 814.40M | 452.00M | -867.60M | 635.10M | 1.01B |
| Net Income | 145.30M | -678.80M | -1.56B | 45.80M | 480.90M |
Balance Sheet | |||||
| Total Assets | 10.53B | 10.89B | 11.42B | 14.28B | 13.61B |
| Cash, Cash Equivalents and Short-Term Investments | 300.50M | 451.30M | 370.30M | 477.60M | 273.50M |
| Total Debt | 2.10B | 2.84B | 2.51B | 2.89B | 3.40B |
| Total Liabilities | 4.45B | 4.91B | 4.91B | 6.61B | 8.36B |
| Stockholders Equity | 5.87B | 5.79B | 6.34B | 7.61B | 5.21B |
Cash Flow | |||||
| Free Cash Flow | 405.20M | 522.20M | 1.37B | -304.30M | -220.90M |
| Operating Cash Flow | 546.20M | 657.20M | 1.55B | -105.60M | -27.60M |
| Investing Cash Flow | -198.70M | -77.60M | -654.40M | -454.90M | -1.86B |
| Financing Cash Flow | -489.30M | -477.40M | -970.90M | 765.10M | 1.85B |
BHG Group AB Technical Analysis
Neutral
31.68
Price Trends
26.17
Negative
28.29
Negative
27.11
Negative
Market Momentum
-0.78
Negative
46.42
Neutral
74.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BHG, the sentiment is Neutral. The current price of 31.68 is above the 20-day moving average (MA) of 23.63, above the 50-day MA of 26.17, and above the 200-day MA of 27.11, indicating a neutral trend. The MACD of -0.78 indicates Negative momentum. The RSI at 46.42 is Neutral, neither overbought nor oversold. The STOCH value of 74.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BHG.
BHG Group AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | kr1.12B | 14.48 | ― | 4.49% | 9.46% | 59.55% | |
64 Neutral | kr1.65B | 13.97 | 51.02% | ― | 12.45% | 118.98% | |
56 Neutral | kr788.18M | -12.12 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr4.28B | 39.47 | ― | ― | 5.27% | 15.33% | |
50 Neutral | kr97.99M | -0.51 | -65.16% | ― | -10.50% | 99.53% | |
46 Neutral | kr741.48M | 35.47 | -0.15% | ― | 15.59% | 16.67% |
* General Sector Average
SE:BHG
BHG Group AB
23.88
1.94
8.84%
SE:DSNO
Desenio Group AB
0.10
-0.04
-30.28%
SE:NELLY
Nelly Group AB
54.80
24.30
79.67%
SE:PIERCE
Pierce Group AB
9.58
0.84
9.61%
SE:BOKUS
Bokusgruppen AB
69.20
22.11
46.95%
SE:CDON
CDON AB
70.00
27.00
62.79%
BHG Group AB Corporate Events
BHG Group Issues Corrected Notice for 2026 Annual General Meeting
Mar 31, 2026
BHG Group AB has issued a corrected notice convening its annual general meeting, clarifying that a previously published version contained only a technical error in the numbering of the proposed agenda. The AGM will be held on 5 May 2026 in Malm...
BHG Group Calls 2026 AGM, Proposes Mostly Unchanged Board With One New Director
Mar 31, 2026
BHG Group AB has called its annual general meeting for 5 May 2026 in Malmö, Sweden, giving shareholders the option to attend in person or vote in advance by postal or electronic ballot. Shareholders must be registered with Euroclear Sweden by...
BHG Group Sets Higher Growth and Profitability Targets Ahead of Capital Markets Day
Mar 18, 2026
BHG Group AB has updated its financial targets to support a renewed focus on scaling profitable growth, following a period of operational improvements and stricter cost discipline. The company aims to deliver this through continued organic expansi...
BHG Group Sets Virtual Capital Markets Day to Outline Growth Strategy
Feb 26, 2026
BHG Group AB is a Nordic e-commerce and home improvement specialist, operating a portfolio of brands in building materials, bathroom products, home furnishings and premium living, with a strong emphasis on digital sales channels. The group is led ...
BHG Group to Outline Growth Strategy at March 2026 Capital Markets Day
Jan 27, 2026
BHG Group AB has invited investors, analysts and media to a digital Capital Markets Day on 19 March 2026, where the management team, including the CEO, CFO and Deputy CEO, will present an in-depth review of the company’s strategy with an emp...
BHG Group Delivers Strong 2025 Profit Recovery and Market Share Gains but Withholds Dividend
Jan 27, 2026
BHG Group AB reported continued growth and improved profitability for full-year 2025, with net sales rising 6.2% to SEK 10.6 billion and organic growth of 9.4%, indicating ongoing market share gains in an expanding home improvement and home furnis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.