BELIMO Holding AG (BEAN) AI Stock Analysis

• Market Cap: CHF11.03B
• Dividend Yield: 1.22%
• Average Volume (3M): 24.25K
• Price to Earnings (P/E): 64.6
• Beta (1Y): 0.72
• Revenue Growth: 16.73%
• EPS Growth: 14.51%
• Country: CH
• Employees: 2,071
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 8.23
• Shares Outstanding: 12,300,000
• 10 Day Avg. Volume: 17,067
• 30 Day Avg. Volume: 24,249
• PEG Ratio: 6.99
• Price to Book (P/B): 12.70
• Price to Sales (P/S): 7.81
• P/FCF Ratio: 54.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF877.25
• Price Target Upside: -1.60% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: CHF981.00 ▲(10.04% Upside)

BELIMO Holding AG's strong financial performance and positive earnings call results are offset by technical indicators suggesting bearish momentum and a high valuation. The company's robust growth in key segments and strategic expansions provide a positive outlook, but current market conditions and valuation concerns temper the overall score.

Positive Factors

Revenue Growth

Sustained double-digit top-line growth signals durable demand for BELIMO's HVAC products and successful market penetration. Outperformance versus the 5‑year average supports reinvestment, capacity scaling and long-term market share gains across key regions and segments.

Strong Profitability

High and stable EBIT margins reflect pricing power, product differentiation and operational efficiency in a components business. Margin resilience through FX headwinds suggests structural cost control and ability to preserve profitability as volumes scale over the medium term.

Cash Generation & Balance Sheet

Consistent free cash flow combined with a robust equity position and low leverage gives BELIMO financial flexibility. This supports capex for capacity expansion, R&D and shareholder returns while reducing refinancing and solvency risks over multiple cycles.

Negative Factors

Currency Exposure

Meaningful USD sensitivity and documented FX losses create structural margin volatility for a globally earned revenue base. Persistent currency swings can erode reported profits, complicate pricing strategy and require ongoing hedging or margin cushions to protect long‑term returns.

Geographic Concentration

Having ~50% of turnover from the Americas increases exposure to regional demand cycles, policy and currency moves. Concentration magnifies revenue and margin risk if US construction or data center investment slows, making diversification execution important for durability.

Capacity Expansion Execution Risk

Aggressive global capex to expand capacity improves long‑term supply and market access but raises execution, timing and utilization risks. If demand underperforms or integration lags, returns could be depressed and margins temporarily pressured until volumes justify the investments.

BELIMO Holding AG Business Overview & Revenue Model

Company Description

BELIMO Holding AG, together with its subsidiaries, develops, manufactures, and sells damper actuators, control valves, sensors, and meters for heating, ventilation, and air conditioning (HVAC) systems in Europe, the Americas, and the Asia Pacific. The company offers HVAC damper actuators for use in various on/off, modulating, or communicating damper and life safety applications, including air handlers, economizer and variable air volume terminal units, fan coil units, unit ventilators, and life safety dampers. It also provides various pressure dependent valves, such as the characterized control, quick compact, and butterfly valves; mechanical pressure independent valves for complex flow challenges, and pressure-independent quick compact and characterized control valves; electronic pressure independent valves; and Internet of Things cloud-connected pressure independent valves. In addition, the company provides accurate sensors for measuring temperature, humidity, pressure, CO2, and volatile compounds in pipe and duct applications; system solutions to optimize energy efficiency; and retrofit solutions to replace valve assemblies and actuators, or damper actuators. BELIMO Holding AG was founded in 1975 and is headquartered in Hinwil, Switzerland.

How the Company Makes Money

BELIMO generates revenue through the sale of its HVAC products, including actuators, valves, and sensors, which are utilized in various applications such as heating, cooling, and ventilation systems. The company's revenue model is primarily based on product sales, which are complemented by service offerings such as technical support and training for customers. Key revenue streams include direct sales to HVAC manufacturers, system integrators, and distributors, as well as partnerships with major players in the construction and building management sectors. Additionally, BELIMO benefits from a global distribution network that enhances its market reach and allows for increased sales across different regions. Factors contributing to its earnings include a strong focus on innovation, the growing demand for energy-efficient building solutions, and the company's reputation for high-quality products in the HVAC industry.

BELIMO Holding AG Financial Statement Overview

Summary

BELIMO Holding AG exhibits strong financial health with consistent revenue and profit growth, a robust equity structure, and efficient cash flow management. The company maintains a low debt-to-equity ratio and a high equity ratio, indicating financial solidity.

Income Statement

BELIMO Holding AG has demonstrated consistent revenue growth with a notable increase from 2023 to 2024. The gross profit margin and net profit margin are strong, indicating effective cost management and profitability. EBIT and EBITDA margins are stable, reflecting operational efficiency.

Balance Sheet

The company maintains a robust equity position with a low debt-to-equity ratio, minimizing financial risk. The equity ratio is high, suggesting financial solidity and reduced leverage. Return on equity shows consistent profitability relative to shareholders' equity.

Cash Flow

Free cash flow has grown consistently, supporting potential reinvestment and shareholder returns. The operating cash flow to net income ratio is healthy, indicating strong cash generation relative to net earnings. The free cash flow to net income ratio is positive, highlighting effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.03B	943.86M	858.78M	846.90M	765.34M	661.23M
Gross Profit	635.93M	580.29M	247.47M	243.01M	220.57M	171.77M
EBITDA	244.88M	208.42M	179.95M	185.47M	178.05M	133.75M
Net Income	170.80M	146.78M	136.96M	122.80M	115.67M	86.72M
Balance Sheet
Total Assets	754.29M	763.68M	661.99M	688.54M	660.86M	600.07M
Cash, Cash Equivalents and Short-Term Investments	75.68M	137.20M	112.79M	111.78M	169.41M	164.94M
Total Debt	25.80M	25.36M	14.82M	11.47M	10.77M	13.94M
Total Liabilities	211.71M	182.95M	131.50M	166.78M	149.53M	110.81M
Stockholders Equity	542.58M	580.74M	530.63M	521.83M	511.30M	489.28M
Cash Flow
Free Cash Flow	122.48M	136.09M	109.92M	57.77M	105.73M	95.87M
Operating Cash Flow	202.68M	194.78M	156.97M	112.47M	152.45M	124.83M
Investing Cash Flow	-86.81M	-101.95M	-21.08M	-21.79M	-107.54M	-32.47M
Financing Cash Flow	-116.52M	-107.82M	-108.66M	-111.78M	-100.60M	-97.71M

BELIMO Holding AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 891.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:BEAN, the sentiment is Positive. The current price of 891.5 is above the 20-day moving average (MA) of 810.10, above the 50-day MA of 797.35, and above the 200-day MA of 794.20, indicating a bullish trend. The MACD of 21.75 indicates Negative momentum. The RSI at 71.74 is Negative, neither overbought nor oversold. The STOCH value of 91.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:BEAN.

BELIMO Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KARN	74 Outperform	CHF2.30B	31.00	―	2.17%	11.43%	6.46%
BEAN	70 Outperform	CHF11.03B	64.56	31.53%	1.22%	16.73%	14.51%
GEBN	66 Neutral	CHF19.35B	34.38	―	2.08%	1.72%	-1.43%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
INRN	59 Neutral	CHF1.96B	32.99	―	1.46%	-3.67%	-12.95%
GF	54 Neutral	CHF4.39B	15.83	―	2.53%	-24.42%	32.48%
DOKA	52 Neutral	CHF2.58B	26.28	―	―	1.16%	132.26%