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BHG Group AB (publ) (BHG.ST)

SEK22.56 +0.50 (+2.27%)
SE STO Consumer Cyclical Specialty Retail
Address Hans Michelsensgatan 9 211 20
Malmö, SE
CEO Gustaf Ohrn
IPO 2018-03-27
ISIN SE0010948588

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Also trades on London Stock Exchange · 0SOM.L (SEK) Stockholm Stock Exchange · BHG.ST (SEK)
Description

BHG Group AB (publ) is a prominent e-commerce company catering to consumers, with extensive operations spanning Sweden, Finland, Denmark, Norway, and extending into other European and international markets. The enterprise's business model is structured around two core areas: Do-It-Yourself (DIY) products and Home Furnishing. Through a diverse portfolio of brands, it offers an immense selection of approximately 1.5 million products, including DIY supplies, leisure items, and a broad array of furniture and home decor. The company manages a substantial digital presence with around 100 online platforms, such as bygghemma.se, trademax.se, chilli.se, nordicnest.se, and furniturebox.se, complemented by about 70 physical showrooms. Established in 2006, the entity was formerly known as Bygghemma Group First AB (publ) until it officially adopted its current name, BHG Group AB (publ), in May 2020. Its corporate headquarters are situated in Malmö, Sweden.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK22.56 +0.50 (+2.27%)
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Volume Profile
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Liquidity & share structure
Average Volume
411.4K
Beta
1.81
Float Shares
108.20M
Free Float %
60.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.31% +1.51% +10.86% -1.77% -17.52% -19.44% +2.90% +110.39% -84.34% -39.24% -39.24%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
22.56
DCF (Unlevered) 10.25 -54.6%
DCF (Levered) 43.35 +92.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.69
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Specialty Retail: +6.4%
    +6.2% Q1'26: +1.9% (vs Q1'25)
  • EPS growth Specialty Retail: +20.6%
    +121.4% Q1'26: -190.9% (vs Q1'25)
  • FCF margin FCF growth · Specialty Retail: +29.3%
    +3.9% Q1'26: -2.2% (vs Q1'25)
  • EBIT margin Specialty Retail: +5.4%
    +3.7% Q1'26: +1.0% (vs Q1'25)
  • ROIC Specialty Retail: +6.5%
    +3.9% Q1'26: +1.1% (vs Q1'25)
  • Share dilution Specialty Retail: +0.1%
    +0.3% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Specialty Retail: 0.14×
    2.57× Q1'26: 4.19× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.79) × ERP
WACC = 69% × Ke + 31% × Kd (6.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10.25 Current price: 22.56
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
3 EPS Ana.
Dec 2027
3 Rev. Ana.
3 EPS Ana.
Dec 2028
3 Rev. Ana.
3 EPS Ana.
Revenue
4.97B
est: 4.98B (-0.2%)
6.21B
est: 6.16B (+0.8%)
8.97B
est: 8.74B (+2.6%)
12.67B
est: 12.18B (+4.0%)
13.43B
est: 13.48B (-0.4%)
11.79B
est: 10.42B (+13.2%)
9.96B
est: 9.77B (+1.9%)
10.58B
est: 10.58B (+0.0%)
11.17B
11.01B – 11.29B
+5.5% YoY
11.90B
11.69B – 12.01B
+6.5% YoY
12.62B
12.57B – 12.66B
+6.0% YoY
EBITDA
139.60M
est: 190.70M (-26.8%)
420.80M
est: 235.89M (+78.4%)
833.60M
est: 334.45M (+149.2%)
1.01B
est: 466.25M (+115.7%)
635.10M
est: 516.17M (+23.0%)
-867.60M
est: 365.37M (-337.5%)
452.00M
est: 342.88M (+31.8%)
814.40M
est: 371.19M (+119.4%)
391.78M
386.41M – 396.16M
+5.5% YoY
417.41M
410.05M – 421.44M
+6.5% YoY
442.61M
441.04M – 444.17M
+6.0% YoY
EBIT
124.20M
est: -27.66M (+549.0%)
264.00M
est: -34.21M (+871.6%)
590.70M
est: -48.51M (+1,317.7%)
691.80M
est: -67.63M (+1,123.0%)
86.60M
est: -74.87M (+215.7%)
-1.36B
est: -118.43M (-1,050.3%)
-451.00M
est: -111.14M (-305.8%)
386.70M
est: -120.31M (+421.4%)
-126.99M
-128.41M – -125.25M
-5.5% YoY
-135.29M
-136.60M – -132.91M
-6.5% YoY
-143.46M
-143.97M – -142.96M
-6.0% YoY
Net Income
49.90M
est: 197.12M (-74.7%)
176.20M
est: 357.50M (-50.7%)
415.10M
est: 781.25M (-46.9%)
480.90M
est: 714.11M (-32.7%)
45.80M
est: 336.30M (-86.4%)
-1.56B
est: -1.64B (+4.5%)
-678.80M
est: -261.07M (-160.0%)
145.30M
est: 201.44M (-27.9%)
214.00M
176.68M – 338.17M
+6.2% YoY
300.67M
230.81M – 461.62M
+40.5% YoY
370.00M
339.17M – 584.25M
+23.1% YoY
SGA
469.60M
est: 412.50M (+13.8%)
525.50M
est: 510.26M (+3.0%)
775.00M
est: 723.45M (+7.1%)
1.30B
est: 1.01B (+29.3%)
1.48B
est: 1.12B (+32.5%)
1.35B
est: 682.40M (+97.9%)
est: 640.40M (-100.0%)
est: 693.26M (-100.0%)
731.73M
721.69M – 739.91M
+5.5% YoY
779.59M
765.85M – 787.12M
+6.5% YoY
826.65M
823.73M – 829.56M
+6.0% YoY
EPS
0.52
est: 1.10 (-52.7%)
1.64
est: 2.00 (-17.8%)
3.87
est: 4.36 (-11.2%)
3.97
est: 3.99 (-0.4%)
0.33
est: 1.88 (-82.4%)
-8.73
est: -9.14 (+4.5%)
-3.79
est: -1.46 (-160.1%)
0.81
est: 1.12 (-28.0%)
1.55
0.98 – 1.88
+37.8% YoY
2.09
1.28 – 2.57
+34.5% YoY
2.51
1.89 – 3.25
+20.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-28 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-27 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-26 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-25 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-22 B 3/5 4/5 2/5 3/5 3/5 1/5 4/5
2026-05-21 B 3/5 4/5 2/5 3/5 2/5 1/5 4/5
2026-05-20 B 3/5 4/5 2/5 3/5 2/5 1/5 4/5
2026-05-19 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-18 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-15 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-13 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-12 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-11 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-05-08 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-07 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-06 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-05 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-04 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-04-30 B+ 3/5 4/5 2/5 4/5 2/5 2/5 5/5
2026-04-29 B+ 3/5 4/5 2/5 4/5 2/5 2/5 5/5
2026-04-28 B+ 3/5 4/5 2/5 4/5 2/5 2/5 5/5
2026-04-27 B+ 3/5 4/5 2/5 4/5 2/5 2/5 4/5
2026-04-24 B+ 3/5 4/5 2/5 4/5 2/5 2/5 4/5
2026-04-23 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-22 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-21 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-20 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-17 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-16 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
628.47M
OE per share TTM
3.50
Owner's Yield
13.74%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
7.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 10 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
287.1K
Shares Outstanding
179.23M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Gustaf Ohrn Chief Executive Officer & President 15M male
Martin Edblad Head of M&A 2M male
Jesper Flemme Group Chief Financial Officer male
Johan Engström Head of Value Home Segment male
Josefine Colliander Head of Legal female
Martin Leo Group Chief Technology Officer & Head of Sustainability male
Mikael Hagman Deputy Chief Executive Officer & Head of the Home Improvement Segment male
Bank Bergstrom Head of the Premium Living Segment male
Peter Rosvall Head of New Operations male
Jakob Nylin Head of Investor Relations
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits