1. Sweden Stocks

  2. •

    Consumer Cyclical

  3. •

    Specialty Retail
BHG Group AB (publ)

BHG Group AB (publ)

BHG.ST
BHG Group AB (publ)SE flagStockholm Stock Exchange
22.92
SEK
-0.04
- -
4.11BMarket Cap
BHG Group AB (publ)
BHG.ST
(Stockholm Stock Exchange)

Recent

price

22.92

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
45.15
62
36.84
51.92
57.84
83.5
104.68
98.2
65.79
55.59
59.06
44.79
Revenue per Share
0.66
1.35
-1.64
0.04
1.64
3.86
3.97
0.25
-8.73
-3.79
0.81
0.55
Basic EPS, GAAP
1.39
2.21
1.05
0.54
3.02
8.38
-1.83
-2.22
7.62
2.91
3.02
3.81
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.09
1.5
0.47
1.11
1.93
1.07
3.29
6.76
-1.48
-4.75
-3.96
- -
Book Value per Share
-5.81
-8.23
-11.57
-10.46
-11.78
-31.44
-32.69
-12.36
-10.19
-11.14
-10.03
-9.92
Tangible Book Value per Share
42
42
107
96
107
107
121
137
179
179
179
179
Basic Weighted Avg Shares
1,895
2,602
3,956
4,974
6,212
8,968
12,666
13,434
11,790
9,962
10,583
8,028
Sales/Revenue/Turnover
2.47
3
2.16
1.84
4.61
7.29
5.62
-1.31
-1.62
-4.6
3.35
3.6
Operating Margin (%)
13
18
55
66
184
245
371
548
698
903
428
323
Depreciation Expense
27
57
29
54
176
415
481
34
-1,565
-679
145
98
Net Income, GAAP
26.61
22.4
22.01
- -
22.82
23.62
22.21
- -
- -
- -
21.06
27.99
Effective Tax Rate (%)
1.45
2.18
0.73
1.09
2.84
4.63
3.8
0.25
-13.27
-6.81
1.37
1.22
Profit Margin (%)
-188
-108
72
162
138
-243
656
1,132
60
-33
-175
11
Working Capital
- -
157
893
695
1,153
2,492
3,139
2,576
1,923
1,870
1,715
1,888
LT Debt
162
230
2,375
2,814
2,925
2,823
5,256
7,670
6,510
5,985
6,081
6,078
Total Equity
- -
17.82
3.58
- -
5.72
10.18
7.7
- -
- -
- -
3.48
2.47
Return on Invested Capital (%)
- -
33.37
9.94
- -
16.8
20.25
15.59
- -
- -
- -
13.8
2.03
Return on Capital (%)
- -
169.28
-309.43
4.84
112.34
257.83
187.52
5.15
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
205
291
LT Borrowings
1,496
1,297
1,498
LT Finance Leases
- -
417
389
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
179
179
Market Capitalization
4,900
5,735
4,165

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
1,874
2,115
Cash, Cash Equivalents & STI
- -
300
350
Accounts Receivable, Net
- -
189
483
Inventories
- -
1,013
1,283
Total Current Liabilities
- -
2,049
2,104
Payables & Accruals
- -
- -
- -
ST Debt
- -
205
291
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
110.59%
22.11%
1.6%
Free Cash Flow
3.17%
-138.69%
3.79%
Net Income, GAAP
-443.71%
-988.73%
-121.41%
Sales/Revenue/Turnover
21.01%
5.16%
6.23%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,009
2,716
2,354
2,884
9,962
2025
2,204
2,745
- -
3,037
10,583
2026
2,246
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.38
-0.57
-0.37
-2.47
-3.79
2025
0.11
0.42
- -
0.22
0.81
2026
-0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
BHG Group AB (publ) (BHG.ST) operates as a leading Nordic consumer e-commerce company focused on home improvement, furniture, and furnishings, offering over 1.7 million products through an ecosystem of online stores, showrooms, last-mile delivery, and installation services; it segments operations into Home Improvement (DIY categories like garden, construction, and renovation via drop-shipping under brands including Bygghemma, Taloon, Golvpoolen, Nordiska Fönster, Hafa, and Hylte Jakt & Trädgård), Value Home (affordable furniture and leisure under Trademax, Chilli, Hemfint, Furniturebox, and others), and Premium Living (high-end furniture, home furnishings, and interior design under Nordic Nest, Svenssons i Lammhult, Sleepo, KitchenTime, and related brands). Founded in 2006 and headquartered in Malmö, Sweden, the company serves customers in Sweden, Finland, Denmark, Norway, the rest of Europe, and select international markets with approximately 2,000 employees and net sales of around SEK 6 billion in recent years, emphasizing category dominance, price matching, scalable low-capital operations, and data-driven optimization. In recent strategic moves, BHG completed the divestiture of its full stake in IP-Agency Finland Oy, a sports and leisure e-commerce platform, to the founders' holding company IPA Holding Oy for EUR 5 million (SEK 58 million) on April 1, 2025, following an initial agreement in late 2024; it continues consolidating Nordic DIY operations under the scalable Bygghemma Nordic platform while pursuing bolt-on acquisitions to enhance platforms, reported strong Q3 2025 organic growth of 13.4% and 76% earnings improvement amid Finnish market challenges, and maintains focus on portfolio optimization including prior integration of HYMA Skog & Trädgård from 2021.