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Bonava AB Class B
(BONAV.B)
Select Model
Select Model
Rating:47Neutral
Price Target:
kr9.50
▼(-4.62% Downside)
Action:Reiterated
Date:07/18/26
The score is driven primarily by weak financial quality—especially negative TTM operating/free cash flow and still-negative net income—despite improved operating profitability and moderate leverage. Technicals are neutral-to-slightly constructive in the near term, but the stock remains below its 200-day average. Valuation is also constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Improving operating profitability
Bonava has moved from deeper losses toward positive operating profit and a gross margin near 13%. Sustained operating profitability indicates the core development projects and cost controls are working, supporting long-term earnings recovery if volume normalizes.
Negative Factors
Negative TTM cash flow
A persistent cash burn of roughly -627M TTM undermines the business's ability to fund construction cycles from operations. This raises dependency on external financing or asset sales and increases execution and liquidity risk across the multi-quarter project delivery horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving operating profitability
Bonava has moved from deeper losses toward positive operating profit and a gross margin near 13%. Sustained operating profitability indicates the core development projects and cost controls are working, supporting long-term earnings recovery if volume normalizes.
Read all positive factors
Bonava AB Class B (BONAV.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.24B
Dividend Yield7.61%
Average Volume (3M)762.97K
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue Growth-11.62%
EPS Growth79.62%
CountrySE
Employees900
SectorConsumer Cyclical
Sector Strength84
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.28
Shares Outstanding293,368,130
10 Day Avg. Volume1,854,099
30 Day Avg. Volume762,973
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.51
Price to Sales (P/S)0.46
P/FCF Ratio9.49
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)0.89
Revenue Forecast (FY)kr9.97B
Bonava AB Class B Business Overview & Revenue Model
Company Description
Bonava AB (publ), together with its subsidiaries, operates as a residential developer in Germany, Sweden, Finland, Estonia, Latvia, and Lithuania. The company constructs, develops, and sells multi-family and single-family homes, as well as semi-de...
How the Company Makes Money
Bonava makes money by developing residential housing projects and recognizing revenue when homes are sold and delivered (i.e., at handover/completion, depending on contract terms and applicable accounting). The main revenue stream is proceeds from...
Bonava AB Class B Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.93B | 7.72B | 8.19B | 13.27B | 13.99B | 14.75B |
| Gross Profit | 960.00M | 987.00M | 680.00M | 1.42B | 1.69B | 1.93B |
| EBITDA | 329.00M | 547.00M | 179.00M | -468.00M | 970.00M | 1.21B |
| Net Income | -89.00M | -89.00M | -518.00M | -1.34B | -303.00M | 808.00M |
Balance Sheet | ||||||
| Total Assets | 17.73B | 15.65B | 17.24B | 19.10B | 25.58B | 23.71B |
| Cash, Cash Equivalents and Short-Term Investments | 188.00M | 220.00M | 593.00M | 180.00M | 119.00M | 1.07B |
| Total Debt | 5.32B | 3.64B | 4.31B | 5.82B | 7.13B | 4.47B |
| Total Liabilities | 10.92B | 8.70B | 10.06B | 12.50B | 17.59B | 15.39B |
| Stockholders Equity | 6.80B | 6.95B | 7.18B | 6.60B | 7.98B | 8.32B |
Cash Flow | ||||||
| Free Cash Flow | -643.00M | 374.00M | 521.00M | -546.00M | -3.35B | 619.00M |
| Operating Cash Flow | -627.00M | 390.00M | 566.00M | -337.00M | -3.24B | 719.00M |
| Investing Cash Flow | 235.00M | 27.00M | 56.00M | 1.05B | -104.00M | -88.00M |
| Financing Cash Flow | 396.00M | -781.00M | -237.00M | -833.00M | 2.49B | -987.00M |
Bonava AB Class B Technical Analysis
Negative
9.96
Price Trends
10.00
Negative
9.45
Positive
10.14
Negative
Market Momentum
0.01
Positive
43.29
Neutral
20.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BONAV.B, the sentiment is Negative. The current price of 9.96 is below the 20-day moving average (MA) of 10.04, below the 50-day MA of 10.00, and below the 200-day MA of 10.14, indicating a bearish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 43.29 is Neutral, neither overbought nor oversold. The STOCH value of 20.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BONAV.B.
Bonava AB Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr26.49B | 9.60 | 8.25% | 1.38% | 2.45% | 194.60% | |
69 Neutral | kr4.02B | 8.26 | 8.61% | 2.17% | 5.55% | 130.73% | |
63 Neutral | kr64.36B | 8.62 | 7.35% | ― | 4.06% | 14.75% | |
63 Neutral | kr4.40B | 8.25 | ― | 0.42% | 4.12% | 42.12% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | kr3.24B | -34.82 | -1.30% | 7.61% | -11.62% | 79.62% |
* Consumer Cyclical Sector Average
SE:BONAV.B
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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.