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Employees: 1,177
Size Byggmax (BMAX.ST) is a Sweden Consumer Discretionary company (Home Improvement Chains) with a market value of $393M, the 204th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 65.60 on 6 Nov 2026.
Performance Over six months the shares gained 41.7%, against +10.1% for the median peer and +8.2% for the Sweden market (cap-weighted) — highest of 9 in its peer set.
Growth Revenue grew 2.2% over the last twelve months (peer median +5.3%); the operating margin is 5.6% (peer median 5.8%).
Valuation It trades at 13.7× forward earnings against a peer median of 12.1× (2nd most expensive of 7).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is -2%, 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.
Capital Return on invested capital runs 0.1 points below its cost of capital (6.2% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 6.29B | SEK 6.13B | SEK 5.99B | SEK 6.11B | SEK 7.26B |
| Revenue growth | — | +2% | -2% | -16% | — |
| Gross profit | SEK 350M | SEK 309M | SEK 195M | SEK 132M | SEK 445M |
| EBITDA | SEK 974M | SEK 913M | SEK 815M | SEK 738M | SEK 1.05B |
| Net income | SEK 267M | SEK 191M | SEK 67.0M | SEK 26.0M | SEK 313M |
| Free cash flow | SEK 707M | SEK 753M | SEK 805M | SEK 670M | SEK 322M |
| Capital expenditure | SEK 100M | SEK 82.0M | SEK 80.0M | SEK 146M | SEK 255M |
| Total debt | SEK 1.75B | SEK 2.02B | SEK 2.48B | SEK 2.74B | SEK 2.87B |
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.
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.
| Measure | BMAX.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +26.1% | +3.0% | highest of 9 |
| 6-month return | +41.7% | +10.1% | highest of 9 |
| Distance from 52-week high | -2.5% | -7.5% | highest of 9 |
| Revenue growth (TTM) | +2.2% | +5.3% | 2nd lowest of 9 |
| Operating margin | 5.6% | 5.8% | 5th highest of 9 |
| Forward P/E | 13.7× | 12.1× | 2nd most expensive of 7 |
| Growth the price implies (Req g, 7 yrs) | -0.4% | 0.4% | 4th least demanding of 8 |
| Growth delivered (Del g) | -2.0% | +3.3% | lowest of 8 |
| Hurdle (Req g minus delivered) | +1.6 pp | -4.5 pp | 2nd most demanding of 8 |
| ROIC minus cost of capital | -0.1 pp | -0.1 pp | 5th highest of 9 |
| EV / EBITDA | 5.7× | 8.0× | 2nd cheapest of 8 |
| Net debt / EBITDA | 1.8× | 1.2× | 4th most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Byggmax BMAX.ST | Sweden | $393M | +42% | +2% | 6% | 13.7× | -0.4% | -2.0% |
| Victorian Plumbing VIC.L | United Kingdom | $386M | +15% | +7% | 6% | 16.9× | 11.0% | +8.2% |
| NAFCO 2790.T | Japan | $346M | -12% | -3% | 1% | n/a | n/a | n/a |
| Arclands 9842.T | Japan | $748M | +6% | +8% | 4% | 9.4× | 2.2% | +14.2% |
| Joyful Honda 3191.T | Japan | $859M | +10% | +5% | 6% | n/a | 1.1% | +0.3% |
| Kohnan Shoji 7516.T | Japan | $925M | +15% | +6% | 5% | 10.1× | 0.4% | +3.3% |
| Sangetsu 8130.T | Japan | $1.15B | +4% | +4% | 10% | 13.7× | -10.8% | +7.3% |
| Komeri 8218.T | Japan | $1.21B | +17% | +3% | 6% | 11.8× | -6.8% | 0.0% |
| DCM 3050.T | Japan | $1.40B | +10% | +5% | 6% | 12.5× | -1.7% | +2.9% |