BE Group AB (BEGR) AI Stock Analysis

• Market Cap: kr440.13M
• Dividend Yield: N/A
• Average Volume (3M): 8.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: -14.19%
• EPS Growth: -546.83%
• Country: SE
• Employees: 596
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Steel
• EPS (TTM): -35.28
• Shares Outstanding: 13,010,124
• 10 Day Avg. Volume: 2,963
• 30 Day Avg. Volume: 8,430
• PEG Ratio: 0.46
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 0.12
• P/FCF Ratio: 116.20
• 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: kr34.08
• Price Target Upside: 0.53% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: kr34.00 ▲(0.29% Upside)

BE Group AB's financial performance is severely challenged by declining revenue and operational losses, as well as liquidity concerns, contributing significantly to the low overall score. Technical analysis indicates bearish momentum, with the stock being oversold. Valuation is marred by a negative P/E ratio, reflecting potential overvaluation and lack of dividend appeal. The absence of earnings call data and corporate events further consolidates the negative outlook.

BE Group AB Business Overview & Revenue Model

Company Description

BE Group AB (publ) operates as a trading and service company in steel, stainless steel, and aluminum products in Sweden, Poland, Finland, and the Baltic States. The company offers long steel products comprising beams, hollow sections, steel bars, and steel tubes; flat steel products, such as plates and sheets in various forms, including hot-rolled, cold-rolled, or metal-coated; and engineering steel comprising rods and hollow cast blanks. It also provides stainless steel assortments, including plates, sheets, bars, tubes, and tube parts; reinforcement steel and reinforcement mesh products; and aluminium products, such as plates, sheets, profiles, and bars and tubes. In addition, the company offers production services, such as thermal cutting, drilling, sawing, slitting, blasting, and painting of hollow sections, as well as material advice, logistics solutions, and timesaving IT services that include web-based e-commerce, EDI, digital notifications, and electronic invoices. It offers its products through distributors and value-adding production services primarily to construction and manufacturing industries. BE Group AB (publ) was founded in 1868 and is headquartered in Malmö, Sweden.

How the Company Makes Money

BE Group AB generates revenue primarily through the sale and distribution of steel and metal products to industrial clients in the construction and engineering sectors. The company's business model focuses on leveraging its extensive supply chain network and established relationships with steel producers to offer competitive pricing and reliable delivery times. Additionally, BE Group AB enhances its revenue streams by providing value-added services like cutting, sawing, and surface treatment, which help differentiate its offerings and meet specific customer needs. Strategic partnerships with key suppliers and a focus on operational efficiency are significant factors contributing to the company's earnings.

BE Group AB Financial Statement Overview

Summary

BE Group AB faces significant challenges across its financial statements. Revenue decline and operational losses are prominent, impacting profitability and cash flow. The balance sheet remains relatively stable but is leveraged, necessitating careful management of debt and equity. Overall, the company needs to address both revenue generation and cost control to improve its financial standing.

Income Statement

BE Group AB's income statement shows a challenging period with declining total revenue from the previous year, resulting in negative revenue growth. The gross profit margin for TTM (Trailing-Twelve-Months) is 10.39%, indicating pressure on cost management. The net profit margin is negative, reflecting ongoing losses. EBIT and EBITDA margins have also deteriorated, highlighting operational challenges.

Balance Sheet

The balance sheet reveals moderate financial leverage with a debt-to-equity ratio of 0.61. The equity ratio stands at 45.65%, indicating a relatively strong equity base compared to total assets. Return on equity is negative due to net losses, which poses a concern for profitability. Overall, the balance sheet reflects a stable but leveraged financial position.

Cash Flow

Cash flow analysis shows a decline in operating cash flow and negative free cash flow, indicating potential liquidity concerns. The operating cash flow to net income ratio is positive, suggesting some level of operational cash generation despite net losses. However, free cash flow to net income is negative, underscoring the need for improved cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.24B	4.67B	5.33B	6.88B	5.39B	3.67B
Gross Profit	426.00M	517.00M	544.00M	1.01B	1.10B	548.00M
EBITDA	-447.00M	93.00M	56.00M	505.00M	676.00M	143.00M
Net Income	-511.00M	-42.00M	-60.00M	324.00M	495.00M	4.00M
Balance Sheet
Total Assets	2.39B	2.92B	3.02B	3.34B	3.10B	2.42B
Cash, Cash Equivalents and Short-Term Investments	0.00	9.00M	74.00M	50.00M	54.00M	166.00M
Total Debt	826.00M	778.00M	813.00M	906.00M	776.00M	863.00M
Total Liabilities	1.48B	1.53B	1.60B	1.70B	1.69B	1.51B
Stockholders Equity	906.00M	1.39B	1.42B	1.64B	1.41B	905.00M
Cash Flow
Free Cash Flow	-69.00M	5.00M	346.00M	150.00M	6.00M	320.00M
Operating Cash Flow	-1.00M	105.00M	491.00M	204.00M	32.00M	341.00M
Investing Cash Flow	-44.00M	-84.00M	-145.00M	-56.00M	-25.00M	-21.00M
Financing Cash Flow	-45.00M	-86.00M	-322.00M	-155.00M	-121.00M	-318.00M

BE Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 33.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BEGR, the sentiment is Negative. The current price of 33.9 is above the 20-day moving average (MA) of 33.72, below the 50-day MA of 37.34, and below the 200-day MA of 42.87, indicating a bearish trend. The MACD of -0.93 indicates Negative momentum. The RSI at 39.89 is Neutral, neither overbought nor oversold. The STOCH value of 26.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BEGR.

BE Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRNG	71 Outperform	kr14.47B	14.61	10.50%	2.28%	18.20%	-0.10%
BOL	69 Neutral	kr91.04B	10.93	12.34%	―	12.29%	3.23%
BILL	64 Neutral	kr21.66B	11.79	6.73%	4.01%	6.04%	162.11%
SSAB.A	61 Neutral	kr56.48B	12.71	6.67%	4.52%	-10.87%	-55.90%
SSAB.B	61 Neutral	kr56.48B	12.45	6.67%	4.65%	-10.87%	-55.90%
BEGR	49 Neutral	kr440.13M	―	-44.78%	―	-14.19%	-546.83%
Sector *	44 Neutral	C$923.76M	-8.68	-0.23%	2.69%	24.53%	-41.45%

BE Group AB Corporate Events

BE Group CEO Peter Andersson Resigns, Successor Search Begins

BE Group AB announced the resignation of its President and CEO, Peter Andersson, who will leave his position by January 2026 to pursue a new role in a different industry. The company has initiated the recruitment process for his successor. Under Andersson’s leadership since 2019, BE Group has streamlined operations and laid a strong foundation for future growth, despite challenging external conditions. His departure marks a significant transition for the company as it seeks to continue its strategic development.

BE Group AB Announces Rights Issue to Strengthen Financial Position

BE Group AB has announced an Extraordinary General Meeting to approve a new issue of shares with preferential rights for shareholders. This Rights Issue aims to increase the company’s share capital by SEK 129,832,047.48, with a subscription price set at SEK 22 per share. The company’s largest shareholders, AB Traction and Svedulf Fastighets AB, have committed to exercising their rights and guaranteeing the remaining part of the issue, ensuring full coverage. This move is expected to strengthen BE Group’s financial position and support its strategic initiatives.

BE Group AB Faces Challenges in Q2 2025 Amid Market Pressures and Restructuring

BE Group AB reported a challenging second quarter of 2025, with net sales decreasing by 18% and a significant operating loss due to tough market conditions and restructuring costs. The company announced a new credit agreement with SEB and a secured rights issue to strengthen its financial position. Despite the current market difficulties, BE Group is focusing on improving efficiency and customer satisfaction, particularly in Finland, and is launching a new low carbon steel brand, BELOW, to enhance its market activity and sustainability efforts.

BE Group AB Secures Loan Agreement and Plans Rights Issue to Strengthen Finances

BE Group AB has entered into an updated loan agreement with Skandinaviska Enskilda Banken AB, securing a SEK 775 million revolving credit facility for three years, with an option to extend for two more years. This agreement includes a condition for a preferential rights issue of SEK 143 million, aimed at strengthening the company’s balance sheet. The rights issue is subject to approval at an extraordinary general meeting, with major shareholders AB Traction and Svedulf Fastighets AB committed to supporting the issue, ensuring its full subscription.