Björn Borg initiation of coverage: Serving up profitable growth
Björn Borg has a strong track record of profitable growth, consistently generating value for its shareholders. We see solid growth opportunities in key markets for this strong Nordic brand. The valuation of P/E 15x and EV/EBIT 11x for 2025 looks moderate and a combination of dividends and earnings growth should give around 10-15% expected return.
Björn Borg
57.27
63
Accumulate
Björn Borg operates in the fashion industry and focuses on the design, manufacture and distribution of sportswear and underwear. The company's products are aimed at individuals looking for comfortable and stylish clothing. The business is global with a main presence in Europe, North America and Asia. Björn Borg was founded in 1984 and is headquartered in Stockholm, Sweden.
Read more on company pageKey Estimate Figures07.08.2024
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 891.8 | 954.7 | 1,035.2 |
growth-% | 3.6 % | 7.1 % | 8.4 % |
EBIT (adj.) | 100.6 | 110.6 | 127.0 |
EBIT-% (adj.) | 11.3 % | 11.6 % | 12.3 % |
EPS (adj.) | 3.02 | 3.16 | 3.78 |
Dividend | 3.00 | 3.00 | 3.40 |
Dividend % | 6.6 % | 5.7 % | 6.4 % |
P/E (adj.) | 15.03 | 16.81 | 14.04 |
EV/EBITDA | 8.67 | 9.48 | 8.44 |