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← CockpitCompetitor Analysis › BAHN-B.ST Bahnhof AB Class BOpen in the cockpit ↗

Bahnhof AB Class BBAHN-B.STCompetitor analysis, valuation and peers

Sweden · SEK·Communication Services›Major Telecommunications
Momentum neutral 56
Mkt cap
$681M
US dollars, full cap
Free float
29%
of shares outstanding
$/day
$3.46M
20-day average traded
Fwd P/E
25.2×
forward earnings
ROIC−WACC
n/a
WACC 6.4%
Hurdle
+2 pp
Req g minus delivered
Next earnings
4 days
10 Nov 2026
Close · SEKSEK 62.00
1D+0.7%
1W+3.7%
1M+3.7%
3M+4.0%
6M+12.3%
YTD+13.8%
1Y+5.6%
ATR %0.5%
52w lowhigh0.3% off high

What Bahnhof does

No business profile yet.

Bahnhof at a glance

Size Bahnhof (BAHN-B.ST) is a Sweden Communication Services company (Major Telecommunications) with a market value of $681M, the 158th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 62.00 on 6 Nov 2026.

Performance Over six months the shares gained 12.3%, against -19.8% for the median peer and +8.2% for the Sweden market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 8.3% over the last twelve months (peer median +2.0%); the operating margin is 10.7% (peer median 9.4%).

Valuation It trades at 25.2× forward earnings against a peer median of 13.4× (3rd most expensive of 13).

Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026BAHN-B.ST 117Peer median 82
Six months, rebased to 100: Bahnhof against the median of its 19 peers (local-currency closes).

Bahnhof financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 2.29BSEK 2.21BSEK 2.02BSEK 1.87BSEK 1.73B
Revenue growth—+10%+8%+8%—
Gross profitSEK 244MSEK 235MSEK 271MSEK 263MSEK 234M
EBITDASEK 359MSEK 345MSEK 327MSEK 320MSEK 291M
Net incomeSEK 185MSEK 181MSEK 220MSEK 215MSEK 180M
Free cash flowSEK 231MSEK 270MSEK 148MSEK 395MSEK 247M
Capital expenditureSEK 112MSEK 81.5MSEK 55.1MSEK 21.5MSEK 28.9M
Total debtSEK 146MSEK 157MSEK 133MSEK 107MSEK 83.8M

Quarterly statements and history in the cockpit →

Bahnhof competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%RAILTELSHEN300921OOMA1310ATNIOVZON301262TVUNITGAMACGO3007700989LILAIDTETLBAHN-B.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Bahnhof is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%10×20×30×RAILTELOOMA1310ATNIOVZON301262TVGAMACGO300770IDTBAHN-B.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Bahnhof is the large dot.

Capital: growth delivered against growth the price implies

0%+20%0%20%RAILTEL300921OOMAATNIOVZON301262TVGAMACGO300770ROUTELILAIDTBAHN-B.STGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Bahnhof is the large dot.

Bahnhof competitors and peer comparison

How Bahnhof compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Bahnhof against its 19 peers (data as of 6 Nov 2026)
MeasureBAHN-B.STPeer medianRank in peer set
1-month return+3.7%+1.2%8th highest of 20
6-month return+12.3%-19.8%4th highest of 20
Distance from 52-week high-0.3%-35.4%highest of 20
Revenue growth (TTM)+8.3%+2.0%5th highest of 20
Operating margin10.7%9.4%7th highest of 20
Forward P/E25.2×13.4×3rd most expensive of 13
Growth the price implies (Req g, 7 yrs)10.9%4.5%5th most demanding of 14
Growth delivered (Del g)+8.5%+5.9%7th highest of 14
Hurdle (Req g minus delivered)+2.4 pp-2.9 pp7th most demanding of 14
EV / EBITDA17.5×7.5×most expensive of 15
Net debt / EBITDA-1.0×1.9×3rd least indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Bahnhof BAHN-B.STSweden$681M+12%+8%11%25.2×10.9%+8.5%
RailTel Corp. of India RAILTEL.NSIndia$817M-31%+23%10%18.8×31.3%+25.4%
Shenandoah Telecommunications SHENUnited States$534M-40%+6%-3%n/an/an/a
NOVA Technology 300921.SZChina$504M-32%+2%5%n/a23.9%+2.2%
Ooma OOMAUnited States$497M-7%+17%5%13.0×22.7%+10.1%
HKBN 1310.HKHong Kong$1.02B-25%+6%3%10.1×n/an/a
ATN International ATNIUnited States$432M-1%+2%8%31.5×4.5%+9.8%
Ovzon OVZON.STSweden$417M-26%+77%26%18.0×13.1%+35.6%
Hicon Network Technology (Shandong) 301262.SZChina$1.21B+1%+2%38%30.8×5.4%+0.1%
Grupo Televisa, S.A.B. Sponsored ADR TVUnited States$1.24B-18%+6%11%9.9×1.1%-7.5%
Uniti UNITUnited States$1.27B-54%+200%10%n/an/an/a
Gamma Communications GAMA.LUnited Kingdom$1.32B+23%+7%15%11.9×-0.4%+10.4%
Cogeco CGO.TOCanada$349M-20%-4%26%5.5×-11.3%+2.1%
Guangdong South New Media 300770.SZChina$1.37B+7%-6%37%13.8×-1.5%+5.9%
China Changbaishan International 0989.HKHong Kong$318M-27%-71%-48%n/an/an/a
Route Mobile ROUTE.NSIndia$301M-22%+1%9%7.7×-8.0%+25.7%
Liberty Latin America LILAUnited States$1.73B+72%+1%17%n/a0.5%+3.4%
IDT IDTUnited States$2.18B+54%+5%9%19.5×5.7%-2.2%
Eutelsat Communications ETL.PAFrance$2.40B-40%-1%-6%n/an/an/a
ITI ITI.NSIndia$2.53B-18%-41%-1%n/an/an/a

Questions

Which companies are Bahnhof's closest peers?
The cockpit's peer set: RailTel Corp. of India (RAILTEL.NS), Shenandoah Telecommunications (SHEN), NOVA Technology (300921.SZ), Ooma (OOMA), HKBN (1310.HK), ATN International (ATNI), Ovzon (OVZON.ST), Hicon Network Technology (Shandong) (301262.SZ).
Is Bahnhof expensive compared with its peers?
On forward p/e it trades at 25.2× against a peer median of 13.4×, 3rd most expensive of 13 in its peer set. For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Bahnhof stock performed?
Over six months to 6 Nov 2026 the shares returned +12.3% against -19.8% for the median peer; over one year +5.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.