Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    AGBA

    MCap

    USD77m

    Last close

    USD1.03

    ▲ 0.63 (157.50%)

    Pharnext

    MCap

    1m

    Last close

    EUR0.10

    ▲ 0.03 (42.86%)

    Sareum Holdings

    MCap

    GBP28m

    Last close

    GBP0.27

    ▲ 6.25 (30.49%)

  • Sectors

    Sectors

  • Investment Strategy

    Investment Strategy

    View All

    Latest

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

PB Holding (AMS: PBH)

Last close As at 19/04/2024

EUR2.92

— 0.00 (0.00%)

Market capitalisation

EUR18m

After the sale of Stern’s operational activities to Hedin in H122, PB Holding only holds a 5.3% stake in the unlisted insurance company Bovemij, a loss compensation and €1.5m cash.

Bovemij is an insurance company for the Dutch mobility sector where car dealers can arrange car insurance for itself, its employees or its clients. In addition, Bovemij operates a smaller financing division, a data division and the IT services company, RDC. Bovemij’s revenues have been around €350m in the last few years. Almost 90% of its shares are in the hands of sector organisation Bovag, with PB Holding’s stake at 5.3%.

Latest Insights

View More

Financials | Flash note

PB Holding — Bovemij proposes to pay dividend for 2023

Financials | Flash note

PB Holding — H1 operational loss of €0.1m

Financials | Flash note

PB Holding — Bovemij reports H123 results

Financials | Flash note

PB Holding — Net income of €0.6m in FY22
pbholding02
Visit Website

Sector

Industrials

Equity Analyst

Edwin de Jong

Edwin De Jong

Analyst

Key Management

  • Henk van der Kwast

    CEO

Balance Sheet

Forecast net debt (€m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 7.4 0.7 (2.7)
Relative 4.5 (10.4) (15.3)
52 week high/low €3.2/€2.7

Financials

Bovemij, the insurance company in which PB Holding has a 5.3% stake, reported a preliminary net loss of €15m over FY23 (FY22: net loss €14m). The stake in the insurance company is PB Holding’s main asset, next to a small amount of cash and a tax asset. As Bovemij’s results are not consolidated, the result will not directly affect PB Holding’s FY23 results, which will be reported on 30 April. PB Holding’s stake in Bovemij had a book value of €3.38 per share in H123.

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2021A 0.0 1.4 1.4 0.24 1216.7 N/A
2022A 0.0 0.6 0.6 0.11 2654.5 N/A
2023E N/A N/A N/A N/A N/A N/A
2024E N/A N/A N/A N/A N/A N/A

Research

Flash note

Financials

PB Holding — H1 operational loss of €0.1m

Flash note

Financials

PB Holding — Bovemij reports H123 results
pbholding04

Financials

Flash note

PB Holding — Bovemij proposes to pay dividend for 2023

pbholding04

Flash note

Financials

PB Holding — Net income of €0.6m in FY22
pbholding02

Flash note

Financials

PB Holding — Bovemij reports a loss in 2022

Flash note

Industrials

PB Holding — Bovemij reports a loss in H122
pbholding02

Update

Industrials

PB Holding — The value of PB Holding

Flash note

Industrials

Stern Groep — Hedin to acquire Stern’s activities ex Bovemij

Update

Industrials

Stern Groep — A very profitable year

Update

Industrials

Stern Groep — A strong H1, more emphasis on used/rental

edison tv

Industrials

Stern Groep – executive interview
View All

Thematics

thematic

Industrials

Deutsches Eigenkapitalforum (EKF) 2023 industrials

thematic

Industrials

The long and winding road

thematic

Industrials

Quantum computing: A booming industry

thematic

Industrials

UK housebuilders
View All

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free