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Bong AB
(BONG)
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Rating:42Neutral
Price Target:
kr0.30
▼(-12.65% Downside)
Action:Reiterated
Date:09/22/26
The score is held down primarily by deteriorating financial performance (declining revenue and recurring losses with compressed margins) and a bearish technical setup (price below all key moving averages with negative MACD). Moderate balance-sheet leverage and still-positive operating/free cash flow provide some support, but weakening free cash flow and loss-driven negative P/E limit the overall rating.
Positive Factors
Improving leverage
Moderate and improving leverage gives Bong greater financial resilience than a heavily indebted structure. The recent reduction in debt relative to equity can preserve borrowing capacity and provide more flexibility to manage weak earnings or fund operational needs.
Negative Factors
Declining revenue
Persistent revenue contraction indicates weakening demand or customer volumes across Bong’s markets rather than isolated quarterly volatility. A shrinking top line reduces operating leverage, limits reinvestment capacity and makes it harder to restore sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Moderate and improving leverage gives Bong greater financial resilience than a heavily indebted structure. The recent reduction in debt relative to equity can preserve borrowing capacity and provide more flexibility to manage weak earnings or fund operational needs.
Read all positive factors
Bong AB (BONG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr130.52M
Dividend Yield3.04%
Average Volume (3M)1.37M
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue Growth-6.42%
EPS Growth-59.66%
CountrySE
Employees980
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)-0.18
Shares Outstanding422,410,130
10 Day Avg. Volume1,995,951
30 Day Avg. Volume1,365,321
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.27
Price to Sales (P/S)0.08
P/FCF Ratio2.03
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)N/A
Revenue Forecast (FY)kr1.93B
Bong AB Business Overview & Revenue Model
Company Description
Bong AB (publ), established in 1737 and headquartered in Kristianstad, Sweden, specializes in the production and distribution of a diverse range of envelopes and bespoke packaging solutions. The company's products are engineered to facilitate the ...
How the Company Makes Money
Bong AB makes money primarily by manufacturing and selling packaging products to business and institutional customers. Its core revenue stream is the sale of envelopes and other mail-related packaging, where revenue is recognized from product deli...
Bong AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.74B | 1.81B | 1.91B | 2.09B | 2.16B | 1.80B |
| Gross Profit | 261.70M | 278.00M | 310.90M | 327.50M | 384.78M | 305.65M |
| EBITDA | 80.00M | 85.00M | 119.10M | 135.00M | 156.81M | 108.40M |
| Net Income | -38.10M | -29.20M | -12.00M | -4.72M | 44.12M | 2.82M |
Balance Sheet | ||||||
| Total Assets | 1.41B | 1.45B | 1.57B | 1.57B | 1.69B | 1.44B |
| Cash, Cash Equivalents and Short-Term Investments | 69.20M | 111.70M | 102.70M | 129.40M | 144.63M | 135.19M |
| Total Debt | 305.90M | 345.49M | 397.40M | 380.08M | 431.20M | 361.03M |
| Total Liabilities | 912.80M | 934.30M | 994.80M | 1.02B | 1.11B | 1.00B |
| Stockholders Equity | 499.60M | 512.20M | 573.60M | 554.97M | 574.75M | 442.01M |
Cash Flow | ||||||
| Free Cash Flow | 25.50M | 69.20M | 24.50M | 53.56M | 59.69M | 45.15M |
| Operating Cash Flow | 60.30M | 104.90M | 70.60M | 82.89M | 111.28M | 66.70M |
| Investing Cash Flow | -18.50M | -14.30M | -32.30M | -19.67M | -38.87M | -7.01M |
| Financing Cash Flow | -75.20M | -74.90M | -67.50M | -80.49M | -72.88M | -37.41M |
Bong AB Technical Analysis
Neutral
0.34
Price Trends
0.32
Negative
0.40
Negative
0.46
Negative
Market Momentum
-0.01
Negative
52.52
Neutral
85.51
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BONG, the sentiment is Neutral. The current price of 0.34 is above the 20-day moving average (MA) of 0.30, above the 50-day MA of 0.32, and below the 200-day MA of 0.46, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 52.52 is Neutral, neither overbought nor oversold. The STOCH value of 85.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BONG.
Bong AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr1.37B | 19.94 | 11.99% | 2.27% | 11.47% | 15.20% | |
63 Neutral | kr3.51B | 17.31 | 6.05% | 6.69% | -2.46% | -7.73% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | kr89.21B | 13.66 | 5.30% | 1.31% | -3.82% | ― | |
53 Neutral | kr11.88B | 14.79 | 11.65% | 3.63% | 8.88% | -6.70% | |
53 Neutral | kr91.12M | -19.33 | -4.08% | ― | -13.70% | 92.84% | |
42 Neutral | kr130.52M | -1.76 | -7.47% | 3.04% | -6.42% | -59.66% |
* Consumer Cyclical Sector Average
SE:BONG
Bong AB
0.31
-0.21
-40.69%
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74.60
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SE:DSNO
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SE:NEWA.B
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Bong AB Corporate Events
Bong AB Posts Weaker Earnings and Cash Flow in First Half of 2026
Aug 26, 2026
Bong AB reported weaker financial results for the second quarter of 2026, with net sales falling to SEK 393 million from SEK 419 million and operating profit sliding to a loss of SEK 12 million compared with a loss of SEK 4 million a year earlier....
Bong AB Sets Final Trading Date for Paid Subscribed Shares Ahead of Conversion
Aug 3, 2026
Bong AB has completed the registration of its previously announced rights issue with the Swedish Companies Registration Office, marking a key step in its capital-raising process. As part of this transaction, the last day of trading in paid subscri...
Bong AB Expands Share Capital After Rights and Directed Issues
Jul 31, 2026
Bong AB has completed a rights issue offering new shares with preferential subscription rights to existing shareholders, followed by a directed share issue to remunerate the guarantor of the rights issue. These measures have altered the company...
Bong Raises SEK 63 Million in Fully Subscribed Rights Issue and Issues Shares to Guarantor
Jul 22, 2026
Bong AB has completed a new share issue with preferential rights for existing shareholders, raising approximately SEK 63.4 million before issue costs through a fully subscribed rights issue. The transaction strengthens the company’s balance ...
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.