Want to see SE:BONAV.B full AI Analyst Report?
Top Page
Bonava AB Class B
(BONAV.B)
Select Model
Select Model
Rating:40Underperform
Price Target:
kr7.50
▼(-24.70% Downside)
Action:Downgraded
Date:10/27/26
The score is held down primarily by very weak cash generation (deeply negative TTM operating cash flow and free cash flow) despite an income-statement recovery to roughly break-even. Technicals add further pressure, with the price below all key moving averages, a negative MACD, and a very low RSI indicating bearish momentum. Valuation is also a negative factor because the extremely negative P/E suggests earnings are too weak for meaningful P/E-based valuation, and no dividend yield is available to offset risk.
Positive Factors
Integrated Nordic Residential Development Platform
Bonava’s end-to-end development model and presence across several Nordic and Baltic markets provide operational capabilities that can be reused across projects. Geographic diversification and control of planning, sales, and delivery support a durable platform for housing development.
Negative Factors
Deeply Negative Cash Generation
Severely negative operating and free cash flow shows that reported earnings are not currently converting into cash. Persistent working-capital and inventory outflows could pressure liquidity, increase financing needs, and limit Bonava’s ability to fund new projects internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated Nordic Residential Development Platform
Bonava’s end-to-end development model and presence across several Nordic and Baltic markets provide operational capabilities that can be reused across projects. Geographic diversification and control of planning, sales, and delivery support a durable platform for housing development.
Read all positive factors
Bonava AB Class B (BONAV.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.33B
Dividend Yield7.61%
Average Volume (3M)517.62K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth-4.88%
EPS GrowthN/A
CountrySE
Employees900
SectorConsumer Cyclical
Sector Strength84
IndustryReal Estate - Development
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding293,368,130
10 Day Avg. Volume872,166
30 Day Avg. Volume517,615
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)0.58
Revenue Forecast (FY)kr9.14B
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
38
Negative
Balance Sheet
56
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.24B | 7.72B | 8.19B | 13.27B | 13.99B | 14.75B |
| Gross Profit | 1.07B | 987.00M | 680.00M | 1.42B | 1.69B | 1.93B |
| EBITDA | 387.00M | 547.00M | 179.00M | -468.00M | 985.00M | 1.21B |
| Net Income | 1.00M | -89.00M | -518.00M | -1.34B | -303.00M | 808.00M |
Balance Sheet | ||||||
| Total Assets | 17.80B | 15.65B | 17.24B | 19.10B | 25.58B | 23.71B |
| Cash, Cash Equivalents and Short-Term Investments | 334.00M | 220.00M | 593.00M | 180.00M | 119.00M | 1.07B |
| Total Debt | 5.29B | 3.64B | 4.31B | 5.82B | 7.13B | 4.47B |
| Total Liabilities | 10.97B | 8.70B | 10.06B | 12.50B | 17.59B | 15.39B |
| Stockholders Equity | 6.82B | 6.95B | 7.18B | 6.60B | 7.98B | 8.32B |
Cash Flow | ||||||
| Free Cash Flow | -1.28B | 374.00M | 521.00M | -546.00M | -3.35B | 619.00M |
| Operating Cash Flow | -1.26B | 390.00M | 566.00M | -337.00M | -3.24B | 719.00M |
| Investing Cash Flow | 511.00M | 27.00M | 56.00M | 1.05B | -104.00M | -88.00M |
| Financing Cash Flow | 693.00M | -781.00M | -237.00M | -833.00M | 2.49B | -987.00M |
Bonava AB Class B Technical Analysis
Negative
9.96
Price Trends
8.97
Negative
9.32
Negative
9.78
Negative
Market Momentum
-0.43
Positive
28.90
Positive
32.07
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 above the 20-day moving average (MA) of 8.20, above the 50-day MA of 8.97, and above the 200-day MA of 9.78, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 28.90 is Positive, neither overbought nor oversold. The STOCH value of 32.07 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | kr23.76B | 8.10 | 8.97% | 1.47% | 1.91% | 60.26% | |
62 Neutral | kr3.55B | 7.31 | 8.61% | 2.45% | 5.55% | 130.73% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | kr57.02B | 8.48 | 6.66% | ― | 3.84% | -25.46% | |
61 Neutral | kr3.88B | 5.92 | ― | 0.48% | 5.25% | 79.76% | |
40 Underperform | kr2.33B | -1,810.00 | 0.01% | 7.61% | -4.88% | ― |
* Consumer Cyclical Sector Average
SE:BONAV.B
Bonava AB Class B
7.24
-3.84
-34.66%
SE:BALD.B
Fastighets AB Balder
47.92
-16.73
-25.88%
SE:WALL.B
Wallenstam AB
37.36
-6.08
-13.99%
SE:BESQAB
Aros Bostadsutveckling AB
24.60
-0.10
-0.40%
SE:SFAST
Stenhus Fastigheter i Norden AB
10.60
0.16
1.58%
SE:JOMA
John Mattson Fastighetsforetagen AB
51.70
-14.63
-22.05%
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.