Bokusgruppen AB (publ)

Bokusgruppen AB (publ) exhibits a capital structure with a debt-to-equity ratio of 0.68, indicating a moderate level of leverage. The company's liquidity position is weak, as evidenced by a current ratio of 0.47 and negative free cash flow of -27 million SEK. The company's operating cash flow is negative at -71.5 million SEK, and its cash and equivalents are minimal at 700,000 SEK.

Profitability metrics for Bokusgruppen are negative, with a return on equity of -5.56% and a return on assets of -2.3%. These figures are below the industry median for specialty retailers, which typically exhibit positive returns. The company reported a net loss of 31.5 million SEK and an operating loss of 34.7 million SEK, indicating significant operational challenges.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and market-specific risks. The company's capital expenditures of 25 million SEK suggest ongoing investment in operations, but the negative operating cash flow indicates that these investments are not being funded by core operations.

Looking ahead, Bokusgruppen is expected to face continued financial pressure. Analysts estimate a mean revenue of 2.222 billion SEK for the current fiscal year, compared to actual revenue of 2.1548 billion SEK. The mean EPS estimate of 4.93 SEK is slightly below the last actual EPS of 5.37 SEK, suggesting a potential decline in earnings. The company's negative operating income and net loss indicate a need for operational improvements or strategic shifts to achieve profitability.

The company's risk profile is elevated due to its negative net cash position and weak liquidity. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's negative operating cash flow and high debt levels suggest a potential need for external financing, which could lead to increased leverage or equity dilution. However, the low dilution risk suggests that the company is not currently under significant pressure to issue new shares.

Recent financial filings and transcripts indicate that the company is actively managing its operations to improve performance. The company's management has acknowledged the need for cost optimization and operational efficiency to address the current financial challenges. Analysts have provided a consistent price target of 85.00 SEK, indicating a neutral outlook despite the company's current financial difficulties.

Analysts project 28% upside to a consensus target price of 85 SEK, significantly above the current market price of 66.4 SEK.

Net income is forecast to surge 110.3% year-over-year to 88.1 million SEK in fiscal 2026, indicating strong profitability recovery.

Revenue is expected to grow 8.3% year-over-year to 2.15 billion SEK in fiscal 2026, demonstrating consistent top-line expansion.

Free cash flow is projected to increase 35.6% to 184 million SEK in fiscal 2026, enhancing liquidity and financial flexibility.

The company exhibits above-median cash conversion of 2.27 compared to the cohort median of 1.22, suggesting efficient working capital management.

Debt-to-equity ratio of 0.68 is more than double the cohort median of 0.31, signaling higher financial leverage risk.

The company faces medium liquidity risk, which could constrain operational flexibility or increase financing costs during market stress.

Revenue kr 502.2M, −0,8% YoY; Operating income +73,3% YoY.

• ▍Revenue kr 502.2M, −0,8% YoY
• ▍Operating income +73,3% YoY
• ▍Net income +55,3% YoY
• ▍Free cash flow +13,8% YoY
• ▍Net margin -0.3%

Revenue kr 760.7M, +5,4% YoY; Operating income +2,7% YoY.

• ▍Revenue kr 760.7M, +5,4% YoY
• ▍Operating income +2,7% YoY
• ▍Net income +31,0% YoY
• ▍Free cash flow +34,3% YoY
• ▍Net margin 13.2%

Revenue kr 480.1M, +6,0% YoY; Operating income +295,1% YoY.

• ▍Revenue kr 480.1M, +6,0% YoY
• ▍Operating income +295,1% YoY
• ▍Net income +6 700,0% YoY
• ▍Free cash flow +32,9% YoY
• ▍Net margin 2.8%

Revenue kr 407.8M, +16,4% YoY; Operating income +40,4% YoY.

• ▍Revenue kr 407.8M, +16,4% YoY
• ▍Operating income +40,4% YoY
• ▍Net income +29,2% YoY
• ▍Free cash flow +28,9% YoY
• ▍Net margin -5.5%

Revenue kr 2.15B, +8,3% YoY; Operating income +48,7% YoY.

• ▍Revenue kr 2.15B, +8,3% YoY
• ▍Operating income +48,7% YoY
• ▍Net income +110,3% YoY
• ▍Free cash flow +35,6% YoY
• ▍Net margin 4.1%

Revenue kr 1.99B, +6,3% YoY; Operating income +8,1% YoY.

• ▍Revenue kr 1.99B, +6,3% YoY
• ▍Operating income +8,1% YoY
• ▍Net income +3,5% YoY
• ▍Free cash flow −9,1% YoY
• ▍Net margin 2.1%

Revenue kr 1.87B, +2,6% YoY; Operating income +34,7% YoY.

• ▍Revenue kr 1.87B, +2,6% YoY
• ▍Operating income +34,7% YoY
• ▍Net income +35,9% YoY
• ▍Free cash flow +52,5% YoY
• ▍Net margin 2.2%

Revenue kr 1.82B, −2,4% YoY; Operating income −36,4% YoY.

• ▍Revenue kr 1.82B, −2,4% YoY
• ▍Operating income −36,4% YoY
• ▍Net income −40,9% YoY
• ▍Free cash flow −37,7% YoY
• ▍Net margin 1.6%

Revenue kr 1.87B; Operating income kr 81.1M.

• ▍Revenue kr 1.87B
• ▍Operating income kr 81.1M
• ▍Net margin 2.7%