Bure Equity AB (publ) (BURE.ST) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-95.7%

SEK 12.64

vs SEK 296.00 price

Levered DCF

SEK 42.91

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.72

Safe zone

Rating

A+

Overall 5 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-3.91×	4.93×	4.47×	-1.98×	5.11×	6.4×	3.46×	4.12×
P/B	0.92×	1.15×	1.11×	1.26×	1.36×	1.19×	1.08×	0.79×
P/S	70.85×	117.47×	96.32×	80.48×	164.93×	260.1×	15.33×	16.29×
EV / EBITDA	-3.87×	4.82×	4.15×	-1.93×	5.06×	6.01×	3.27×	3.87×
Gross margin	82.6%	70.5%	78.2%	78.4%	74.1%	58.0%	75.2%	42.1%
Operating margin	-1817.1%	2365.6%	2150.5%	-4073.1%	3227.4%	4061.7%	443.9%	396.4%
Net margin	-1813.2%	2382.6%	2156.8%	-4071.8%	3224.4%	4060.5%	443.1%	395.1%
Current ratio	1.83×	16.38×	40.51×	23.39×	18.72×	81.78×	7.91×	6.88×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	-1,562.67×	0×	0×	0×	6,358×	658×	864.24×	730.48×
Dividend yield	1.1%	0.7%	0.8%	0.9%	0.5%	0.3%	0.9%	1.8%
Payout ratio	-4.4%	3.2%	3.5%	-1.8%	2.3%	2.1%	3.3%	7.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-23.6%	23.3%	24.8%	-63.6%	26.5%	18.6%	31.2%	19.2%
Return on invested capital	-23.6%	23.1%	24.7%	-63.2%	26.5%	18.6%	30.9%	19.3%
Return on assets	-23.3%	23.2%	24.7%	-63.1%	26.5%	18.3%	30.7%	18.9%
Free cash flow yield	1.6%	0.6%	6.4%	0.9%	2.9%	0.2%	4.5%	0.3%
Earnings yield	-25.6%	20.3%	22.4%	-50.6%	19.5%	15.6%	28.9%	24.3%
Enterprise value	SEK 18B	SEK 27.7B	SEK 19.7B	SEK 17.9B	SEK 32.2B	SEK 19.8B	SEK 13.9B	SEK 7.1B
Net debt / EBITDA	0.05×	-0.11×	-0.31×	0.04×	-0.05×	-0.38×	-0.16×	-0.21×
Cash conversion cycle (days)	151	43	-29	-1	-1	21	28	101