Bure Equity AB (BURE) AI Stock Analysis

• Market Cap: kr16.59B
• Dividend Yield: 1.13%
• Average Volume (3M): 61.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: 22.38%
• EPS Growth: -153.85%
• Country: SE
• Employees: 10
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -2.92
• Shares Outstanding: 74,146,920
• 10 Day Avg. Volume: 69,881
• 30 Day Avg. Volume: 61,907
• PEG Ratio: 0.23
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 117.47
• P/FCF Ratio: 164.59
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: kr240.00 ▲(0.50% Upside)

The score is primarily supported by a very strong, low-leverage balance sheet and positive cash flow, but it is weighed down by highly volatile financial results including a significant TTM loss. Technicals also detract meaningfully as the stock trades below all key moving averages with weak momentum, while valuation is constrained by negative earnings and only a modest dividend yield.

Positive Factors

Extremely low leverage / strong balance sheet

Very low leverage provides durable financial flexibility: the company can support portfolio companies, fund follow-on investments or withstand market drawdowns without debt-driven distress. This structural strength reduces refinancing risk and preserves strategic optionality over months.

Positive cash generation and free cash flow

Sustained positive operating and free cash flow underpin the firm's ability to fund operations, pay modest distributions, and invest in portfolio companies without relying on external financing. Positive cash flow supports long-term value creation despite earnings cycles.

Diversified investment company business model

A diversified, active-investment model across sectors reduces single-industry exposure and leverages operating support to improve portfolio company returns. Long-term, hands-on stewardship and cross-sector deal flow increase chances of durable value creation and downside mitigation.

Negative Factors

Highly volatile earnings and profitability

Sharp swings between substantial profits and material losses imply earnings are sensitive to valuation marks and portfolio exits. This undermines predictability of distributable earnings and complicates capital allocation, making multi-month forecasting and shareholder return planning challenging.

Weak cash conversion relative to reported net loss

Although cash flow is positive, coverage versus accounting income is poor in the latest period, indicating earnings quality issues and reliance on non-cash valuation swings. Persistent weak cash conversion limits sustainable distributions and raises funding risk for new investments.

Returns on equity are inconsistent

Wide ROE swings signal inconsistent capital deployment outcomes and make it hard to assess management's ability to generate steady long-term returns. Variable ROE increases execution risk for value-creation strategies and complicates reinvestment decisions over multiple quarters.

Bure Equity AB Business Overview & Revenue Model

Company Description

Bure Equity AB (publ) is a private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, emerging growth, expansion capital, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital, special situation and turnarounds. The firm has agnostic approach and seeks to invest in listed and unlisted SME companies and assets in knowledge driven service companies. It primarily invests in education service companies, communication services, medtech, consumer staples, financials, industrials, healthcare, information technology, and professional services. The firm prefers to invest in Nordic and European developed markets. It invests between $5 million to $100 million. The firm seeks to be a principal shareholder with a controlling influence in the portfolio company. The firm takes majority stake. The firm has no established exit strategy but prefers to hold its investment for a period of three to five years. It invests through its own balance sheet. Bure Equity AB (publ) was founded on November 23, 1992 and is based in Stockholm, Sweden.

How the Company Makes Money

Bure Equity AB generates revenue primarily through its investments in portfolio companies, which yield returns in the form of dividends, interest income, and capital gains upon exit. The company employs a strategy of long-term investments, enabling it to benefit from the appreciation of its holdings over time. Additionally, BURE may engage in management fees and performance-based compensation from its subsidiaries, contributing to its overall earnings. Strategic partnerships with other investment firms and industry players further bolster its financial performance, allowing for co-investing opportunities and sharing of resources to maximize returns.

Bure Equity AB Financial Statement Overview

Summary

Balance sheet strength is a major positive (very low leverage/debt-to-equity near zero), and cash flow is positive (TTM operating cash flow 426M; free cash flow 190M). However, earnings are highly volatile with a meaningful TTM loss (net margin about -19.9%) following strong profitability in 2023–2024, which materially lowers the score.

Income Statement

Results are highly volatile. In TTM (Trailing-Twelve-Months), revenue declined (-2.867%) and profitability swung sharply negative (net margin about -19.9% with a large net loss), despite a strong gross margin (~77.9%). This follows strong profitability in 2023–2024 (net margins ~21%–24%) but also a major loss year in 2022, highlighting earnings sensitivity and inconsistent bottom-line performance.

Balance Sheet

Balance sheet leverage is extremely low, with debt-to-equity near zero across periods (TTM ~0.01; prior years effectively negligible), providing substantial financial flexibility. Equity remains large relative to assets, but returns on equity are volatile—strongly positive in 2021–2024 (~19%–27%) and sharply negative in loss periods (2022 and TTM), indicating that capital strength is high but earnings quality and consistency are key risks.

Cash Flow

Cash generation is generally supportive: TTM (Trailing-Twelve-Months) operating cash flow is positive (426M) and free cash flow is positive (190M) with modest growth (free cash flow growth ~4.4%). However, cash conversion is less robust in the latest period—free cash flow covers only ~45% of net income in TTM due to the net loss—and historical free cash flow growth has been uneven (including declines in 2022 and 2024), suggesting variability in cash outcomes.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	271.00M	241.00M	220.00M	227.00M	197.00M	81.00M
Gross Profit	211.00M	170.00M	172.00M	178.00M	146.00M	47.00M
EBITDA	-5.39B	5.74B	4.75B	-9.23B	6.36B	3.30B
Net Income	-5.39B	5.74B	4.75B	-9.24B	6.35B	3.29B
Balance Sheet
Total Assets	20.67B	24.74B	19.19B	14.64B	24.00B	17.93B
Cash, Cash Equivalents and Short-Term Investments	335.00M	782.00M	1.58B	532.00M	459.00M	1.46B
Total Debt	253.00M	3.00M	3.00M	3.00M	4.00M	3.00M
Total Liabilities	273.00M	52.00M	57.00M	95.00M	48.00M	232.30M
Stockholders Equity	20.39B	24.68B	19.12B	14.54B	23.94B	17.68B
Cash Flow
Free Cash Flow	190.00M	172.00M	1.37B	160.00M	958.00M	45.00M
Operating Cash Flow	426.00M	172.00M	1.37B	176.00M	980.00M	48.00M
Investing Cash Flow	-778.00M	-778.00M	-124.00M	39.00M	-1.67B	-455.00M
Financing Cash Flow	46.00M	-201.00M	-206.00M	-125.00M	-151.00M	916.00M

Bure Equity AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 238.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BURE, the sentiment is Negative. The current price of 238.8 is above the 20-day moving average (MA) of 234.20, below the 50-day MA of 241.95, and below the 200-day MA of 275.48, indicating a bearish trend. The MACD of -6.09 indicates Positive momentum. The RSI at 32.87 is Neutral, neither overbought nor oversold. The STOCH value of 9.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BURE.

Bure Equity AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RATO.B	69 Neutral	kr12.75B	15.44	6.59%	3.70%	-22.65%	-14.05%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CRED.A	63 Neutral	kr9.64B	7.95	12.47%	2.18%	4.72%	-38.28%
MCAP	62 Neutral	kr7.70B	38.07	15.16%	―	11.30%	-14.49%
BURE	53 Neutral	kr16.59B	-3.06	-23.18%	1.13%	22.38%	-153.85%
KINV.A	47 Neutral	kr20.59B	172.21	―	―	-97.64%	―
KINV.B	46 Neutral	kr20.59B	162.97	0.33%	―	-97.64%	―

Bure Equity AB Corporate Events

Bure Equity AB Divests Majority Stake in Mentice

Bure Equity AB has signed an agreement to divest 4,037,824 shares in Mentice AB to Gulf Offshore Limited, a company controlled by the Howell family, which is the main owner of Mentice. Following this transaction, Bure will retain 100,000 shares in Mentice, which secures its issued call options, potentially impacting its strategic positioning and financial interests in the company.

The most recent analyst rating on (SE:BURE) stock is a Hold with a SEK261.00 price target. To see the full list of analyst forecasts on Bure Equity AB stock, see the SE:BURE Stock Forecast page.

Bure Equity AB Adjusts Share Capital and Voting Rights

Bure Equity AB has announced an increase in its total number of shares and votes, following the issuance and immediate repurchase of 144,562 C shares under its LTIP 2025 incentive program. This change reflects a strategic move to adjust its share capital and voting rights, with the total number of shares now at 74,646,317 and votes at 74,240,396, potentially impacting shareholder value and company governance.

The most recent analyst rating on (SE:BURE) stock is a Hold with a SEK261.00 price target. To see the full list of analyst forecasts on Bure Equity AB stock, see the SE:BURE Stock Forecast page.

Bure Equity AB Issues and Re-Purchases Class C Shares for LTIP 2025

Bure Equity AB has announced the issuance and immediate re-purchase of 144,562 class C shares as part of their LTIP 2025 incentive program. This move ensures the delivery of shares to participants and secures social contributions, with the class C shares being converted into ordinary shares before distribution.

The most recent analyst rating on (SE:BURE) stock is a Hold with a SEK261.00 price target. To see the full list of analyst forecasts on Bure Equity AB stock, see the SE:BURE Stock Forecast page.

Bure Equity AB Faces Challenging Financial Year Amid Market Fluctuations

Bure Equity AB, a Swedish investment company, reported a challenging financial performance for the first nine months of 2025, with a 17.5% decrease in net asset value per share and a total return on shares of -26.7%. Despite some stabilization in the third quarter, the company faced currency struggles and lower growth, impacting its portfolio companies. Key activities included the acquisition of a stake in Silex Microsystems and divestments in Mycronic and Ovzon. The CEO noted both positive developments in companies like Vitrolife and challenges such as Yubico’s unmet expectations.

The most recent analyst rating on (SE:BURE) stock is a Hold with a SEK296.00 price target. To see the full list of analyst forecasts on Bure Equity AB stock, see the SE:BURE Stock Forecast page.