Byggmax Group AB (BMAX) AI Stock Analysis

• Market Cap: kr3.11B
• Dividend Yield: 1.38%
• Average Volume (3M): 107.11K
• Price to Earnings (P/E): 30.8
• Beta (1Y): 0.81
• Revenue Growth: 0.37%
• EPS Growth: 818.34%
• Country: SE
• Employees: 1,081
• Sector: Consumer Cyclical
• Sector Strength: 62
• Industry: Construction
• EPS (TTM): -1.90
• Shares Outstanding: 58,625,046
• 10 Day Avg. Volume: 130,747
• 30 Day Avg. Volume: 107,115
• PEG Ratio: 0.53
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr39.88
• Price Target Upside: -24.75% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ―

Byggmax Group AB presents a stable financial performance with strong cash flows and a healthy balance sheet. However, profitability is hampered by high operational costs. Technical indicators are mixed, reflecting cautious market sentiment. The stock's valuation suggests it may be overpriced, with a high P/E ratio and modest dividend yield. These factors collectively indicate a moderate investment outlook.

Byggmax Group AB Business Overview & Revenue Model

Company Description

Byggmax Group AB (publ) sells building materials and related products for DIY projects in Sweden, Norway, and internationally. The company offers timber, board materials, garden products, tools, paint, and other products. As of December 31, 2021, it operates 192 stores, including 123 stores in Sweden, 56 stores in Norway, 9 in Finland, and 4 in Denmark, as well as 11 showrooms with Skånska Byggvaror concept. The company also offers its products online. Byggmax Group AB (publ) was founded in 1993 and is headquartered in Solna, Sweden.

How the Company Makes Money

Byggmax Group AB makes money primarily through the sale of building materials and home improvement products in its retail stores and online platforms. The company's revenue model is based on high volume sales driven by competitive pricing and a broad product assortment. Byggmax benefits from economies of scale and efficient supply chain management, which allow it to maintain low prices. The company also generates revenue through its e-commerce operations, expanding its reach beyond physical store locations. Additionally, Byggmax often engages in strategic partnerships with suppliers to offer exclusive or private-label products, further enhancing its revenue potential. Key factors contributing to its earnings include its extensive store network, strong brand recognition, and a growing trend towards DIY home improvement projects.

Byggmax Group AB Financial Statement Overview

Summary

Byggmax Group AB demonstrates a stable financial performance with healthy cash flows and a manageable capital structure. While revenue and gross margins are solid, net profitability remains constrained by operational costs. The balance sheet shows a sound equity position, but return metrics could be improved. Overall, the company is in a stable financial position with potential for growth in profitability.

Income Statement

Byggmax Group AB has shown stable revenue with minor fluctuations over the years. The TTM revenue is slightly higher than the previous year, indicating modest growth. Gross profit margin is healthy at approximately 34.8% TTM, but net profit margin is relatively low at 1.67%, suggesting high operational costs. EBIT and EBITDA margins are moderate, indicating decent operational efficiency.

Balance Sheet

The company maintains a solid equity ratio of 37.2% TTM, indicating a balanced capital structure. The debt-to-equity ratio of 1.14 reflects manageable leverage levels. However, the return on equity at 4.45% TTM is modest, suggesting limited profitability from shareholder equity.

Cash Flow

Cash flow from operations remains strong, with a free cash flow to net income ratio of 6.82 TTM, indicating robust cash generation relative to net income. The free cash flow growth rate has been positive, suggesting improved cash efficiency. The operating cash flow to net income ratio of 7.43 TTM underscores strong cash flow support for earnings.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.05B	5.99B	6.11B	7.26B	7.64B	6.80B
	Gross Profit
2.11B	2.08B	132.00M	2.46B	2.61B	2.22B
	EBIT
226.00M	177.00M	106.00M	459.00M	833.00M	661.00M
	EBITDA
900.00M	857.00M	754.00M	1.07B	1.36B	1.11B
	Net Income Common Stockholders
101.00M	67.00M	26.00M	313.00M	621.00M	485.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
10.00M	11.00M	10.00M	19.00M	43.00M	62.00M
	Total Assets
6.90B	5.91B	6.17B	6.51B	6.07B	4.93B
	Total Debt
2.74B	2.48B	2.74B	2.87B	2.19B	1.74B
	Net Debt
2.73B	2.47B	2.73B	2.85B	2.15B	1.68B
	Total Liabilities
4.54B	3.50B	3.80B	4.15B	3.82B	2.96B
	Stockholders Equity
2.36B	2.40B	2.36B	2.36B	2.25B	1.97B
Cash Flow		Free Cash Flow
689.00M	780.00M	635.00M	281.00M	585.00M	1.02B
	Operating Cash Flow
751.00M	860.00M	781.00M	536.00M	814.00M	1.20B
	Investing Cash Flow
-67.00M	-77.00M	-153.00M	-308.00M	-466.00M	-170.00M
	Financing Cash Flow
-691.00M	-783.00M	-654.00M	-253.00M	-375.00M	-996.00M

Byggmax Group AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 53.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BMAX, the sentiment is Positive. The current price of 53 is above the 20-day moving average (MA) of 52.02, above the 50-day MA of 49.99, and above the 200-day MA of 45.80, indicating a bullish trend. The MACD of 1.16 indicates Negative momentum. The RSI at 56.08 is Neutral, neither overbought nor oversold. The STOCH value of 49.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BMAX.

Byggmax Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BMAX	66 Neutral	kr3.11B	30.76	4.29%	1.38%	0.37%	818.34%
Sector *	62 Neutral	$6.88B	11.32	2.90%	3.87%	2.70%	-24.57%
0MWK		kr16.50B	48.42	4.65%	2.51%	―	―
0OFP		kr16.91B	12.17	19.89%	4.47%	―	―
0MHT		kr24.19B	11.37	13.64%	3.65%	―	―
0HBT		kr95.56B	15.41	10.49%	3.46%	―	―
4IIA		€630.05M	23.84	8.49%	2.60%	―	―

Byggmax Group AB Corporate Events

Byggmax Group Completes Key Personnel Warrant Assignment

Byggmax Group has completed the assignment of 380,000 warrants to key personnel under its 2025/2028 incentive program, following the approval at the Annual General Meeting. This initiative is designed to motivate and retain key individuals by allowing them to acquire shares in the company at a predetermined price, potentially impacting the company’s future performance and alignment of interests with stakeholders.

The most recent analyst rating on (SE:BMAX) stock is a Sell with a SEK28.00 price target. To see the full list of analyst forecasts on Byggmax Group AB stock, see the SE:BMAX Stock Forecast page.

Byggmax Group AB Annual General Meeting Resolutions and Incentive Program Approval

Byggmax Group AB held its annual general meeting where key resolutions were passed, including the adoption of financial statements, approval of a SEK 0.75 per share dividend, and re-election of board members. The AGM also authorized the board to issue shares and manage the company’s own shares, and approved a long-term incentive program for executives, which includes a directed share issue of warrants.