Bonava Valuation Multiples

Bonava is valued at $290M as of September 2026, a 0.9x revenue multiple. In the last 12 months, Bonava revenue was $946M and Bonava EBITDA was $74M.

Bonava Overview

About Bonava

Bonava AB is a Swedish residential development company. It acts as a developer of residential housing in northern Europe. The company is engaged in developing and selling affordable and sustainable homes to consumers and investors in selected markets in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia, and Latvia. Bonava provides multi-family housing and single-family housing and develops homes for consumers and investors, such as pension funds, jointly with municipalities and other stakeholders. Its product segments are categorized as Affordable, Core and High-end. Bonava operates in the Berlin, Hamburg, Baltic coast, Saxony, Rhien-Ruhr, Cologne/ Bonn, Rhien-Main and Rhine-Neckar/Stuttgart regions.Key revenue is earned from sales in Germany.


Founded

2013

HQ

Sweden

Employees

923

Website

bonava.com

Financials (LTM)

Revenue: $946M
EBITDA: $74M

EV

$809M

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Bonava Financials

Bonava reported last 12-month revenue of $946M and EBITDA of $74M.

In the same LTM period, Bonava generated $137M in gross profit, $74M in EBITDA, and $18M in net income.

Revenue (LTM)


Bonava P&L

In the most recent fiscal year, Bonava reported revenue of $781M and EBITDA of $36M.

Bonava is unprofitable as of last fiscal year, with gross margin of 13%, EBITDA margin of 5%, and net margin of (1%).

See analyst estimates for Bonava
LTMLast FY202320242025202620272028
Revenue$946M$781M$1.4B$860M$781M
Gross Profit$137M$100M$149M$71M$100M
Gross Margin15%13%11%8%13%
EBITDA$74M$36M($54M)$8M$36M
EBITDA Margin8%5%(4%)1%5%
EBIT Margin8%5%5%0%5%
Net Profit$18M($9M)($140M)($54M)($9M)
Net Margin2%(1%)(10%)(6%)(1%)
Net Debt-$340M---

Financial data powered by Morningstar, Inc.

Bonava Stock Performance

Bonava has current market cap of $290M, and enterprise value of $809M.

Market Cap Evolution


Bonava's stock price is $0.90.

Bonava share price decreased by 15.5% in the last 30 days, and by 29.4% in the last year.

Bonava has an EPS (earnings per share) of $-0.03.

See more trading valuation data for Bonava
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$809M$290M-0.5%-15.5%-4.8%-29.4%$-0.03

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Bonava Valuation Multiples

Bonava trades at 0.9x EV/Revenue multiple, and 11.0x EV/EBITDA.

See NTM and 2027E valuation multiples for Bonava

EV / Revenue (LTM)


Bonava Financial Valuation Multiples

As of September 25, 2026, Bonava has market cap of $290M and EV of $809M.

Bonava has a P/E ratio of 15.8x.

LTMLast FY202320242025202620272028
EV/Revenue0.9x1.0x0.6x0.9x1.0x
EV/EBITDA11.0x22.3x(14.9x)101.4x22.3x
EV/EBIT10.9x22.1x11.7xn/m22.1x
EV/Gross Profit5.9x8.1x5.4x11.3x8.1x
P/E15.8x(32.2x)(2.1x)(5.3x)(32.2x)
EV/FCF(14.7x)11.3x(14.1x)14.8x11.3x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Bonava Margins & Growth Rates

Bonava grew revenue by 23% and EBITDA by 119% in the last fiscal year.

In the most recent fiscal year, Bonava reported gross margin of 13%, EBITDA margin of 5%, and net margin of (1%).

See estimated margins and future growth rates for Bonava

Bonava Margins

Last FY202420252026202720282029
Gross Margin13%8%13%15%
EBITDA Margin5%1%5%8%
EBIT Margin5%0%5%8%
Net Margin(1%)(6%)(1%)2%
FCF Margin9%6%9%(9%)

Bonava Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth23%(38%)(9%)23%
Gross Profit Growth42%(52%)40%42%
EBITDA Growth119%(115%)354%119%
EBIT Growth117%(97%)1484%117%
Net Profit Growth(354%)(61%)(83%)(354%)
FCF Growth(225%)(195%)31%(225%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Bonava Operational KPIs

Bonava's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.1M for the same period.

Bonava's Rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Bonava's Rule of X is 65% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Bonava
LTMLast FY202320242025202620272028
Rule of 4024%31%---
Bessemer Rule of X47%65%---
Revenue per Employee-$0.8M---
Opex per Employee-$0.1M---
G&A Expenses to Revenue-8%6%8%8%
Opex to Revenue-8%6%8%8%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Bonava Competitors

Bonava competitors include Ing-Grad, Afrimat, Evropi Holdings, Steico, Compagnie d'Entreprises CFE, SunDell Estate, Super X AI Technology, Matrix Service, BayWa and K-Fast.

Most Bonava public comparables operate across Construction & Engineering.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ing-Grad$188M$39M1.1x-5.1x-
Afrimat$612M$72M0.7x0.7x5.8x5.0x
Evropi Holdings$18M$14M15.6x-20.9x-
Steico$465M$77M0.9x0.9x5.4x5.5x
Compagnie d'Entreprises CFE$1.2B$74M0.2x0.2x3.6x4.0x
SunDell Estate$31M$2M10.7x-152.3x-
Super X AI Technology$4M($21M)33.2x-(5.7x)-
Matrix Service$874M($864K)0.1x0.1x(85.4x)5.8x

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About Bonava

When was Bonava founded?Bonava was founded in 2013.
Where is Bonava headquartered?Bonava is headquartered in Sweden.
How many employees does Bonava have?As of today, Bonava has over 923 employees.
Who is the CEO of Bonava?Bonava's CEO is Peter Wallin.
Is Bonava publicly listed?Yes, Bonava is a public company listed on Nasdaq Stockholm.
What is the stock symbol of Bonava?Bonava trades under BONAV A ticker.
When did Bonava go public?Bonava went public in 2016.
Who are competitors of Bonava?Bonava main competitors include Ing-Grad, Afrimat, Evropi Holdings, Steico, Compagnie d'Entreprises CFE, SunDell Estate, Super X AI Technology, Matrix Service, BayWa, K-Fast.
What is the current market cap of Bonava?Bonava's current market cap is $290M.
What is the current revenue of Bonava?Bonava's last 12 months revenue is $946M.
What is the current revenue growth of Bonava?Bonava revenue growth (NTM/LTM) is 16%.
What is the current EV/Revenue multiple of Bonava?Current revenue multiple of Bonava is 0.9x.
What is the current EBITDA of Bonava?Bonava's last 12 months EBITDA is $74M.
What is Bonava's EBITDA margin?Bonava's last 12 months EBITDA margin is 8%.
What is the current EV/EBITDA multiple of Bonava?Current EBITDA multiple of Bonava is 11.0x.
What is the current FCF of Bonava?Bonava's last 12 months FCF is ($55M).
What is Bonava's FCF margin?Bonava's last 12 months FCF margin is (6%).
What is the current EV/FCF multiple of Bonava?Current FCF multiple of Bonava is (14.7x).
How many companies Bonava has acquired to date?Bonava hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Bonava has invested to date?Bonava hasn't invested in any companies yet (or none have been disclosed publicly).

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