BE Group AB (BEGR) AI Stock Analysis

• Market Cap: kr514.13M
• Dividend Yield: N/A
• Average Volume (3M): 23.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.24
• Revenue Growth: -15.98%
• EPS Growth: -2831.45%
• Country: SE
• Employees: 596
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): -1.93
• Shares Outstanding: 19,501,726
• 10 Day Avg. Volume: 19,471
• 30 Day Avg. Volume: 23,072
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 143.27
• Revenue Forecast (FY): kr54.47B

• Rating: 44 Neutral
• Price Target: kr26.00 ▼(-5.45% Downside)

The score is primarily held back by sharply deteriorating financial performance, with revenue softness and deeply negative operating and net margins, while cash flow strength has weakened to near-breakeven free cash flow. Technicals add further pressure with negative MACD and the price trading below key moving averages, though some indicators suggest it is closer to oversold than overbought. Valuation is difficult to support given a negative P/E and no provided dividend yield.

Positive Factors

Diversified business model with value-added services

BE Group's combination of distribution, trading and in-house processing plus cutting, welding and logistics creates multiple stable revenue streams and customer touchpoints. Value‑added services increase customer stickiness and margin potential versus pure commodity resale, supporting resilience over coming months.

Moderate balance sheet leverage

Debt-to-equity near 0.74 implies the company has moderate financial flexibility versus highly leveraged peers. A reasonably sized equity base provides capacity to absorb near-term losses, support working capital needs, or fund operational fixes without immediate refinancing risk over the next several months.

Positive operating cash flow despite accounting losses

Sustained positive operating cash flow (60M TTM) indicates underlying cash generation from core operations even while accounting profits are negative. That cash buffer and near‑breakeven FCF give management runway to address structural issues and fund short-term restructuring without immediate external financing.

Negative Factors

Deeply negative profitability margins

EBIT and net margins near -15% reflect material operating losses that are unlikely to reverse quickly. Persistent negative margins undermine reinvestment capacity, impair return on equity and risk eroding the balance sheet if losses continue, posing a durable headwind to recovery over months.

Sharply declining revenue trend

A multi-period revenue decline indicates structural pressure on demand, pricing or market share. Reduced top-line scale limits absorption of fixed costs and weakens bargaining power with suppliers, making margin recovery and cash generation more difficult across the medium term unless strategy or market dynamics change.

Free cash flow collapse and weak cash resilience

A ~-103% fall in free cash flow to near zero sharply reduces strategic optionality. With limited free cash, the company faces constrained ability to invest, repay debt, or absorb further shocks. This weak cash resilience heightens risk that operational problems persist over the next several months.

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 generates revenue through multiple key streams. Its primary source of income comes from the sale of steel and metal products to various industries including construction, automotive, and engineering. The company also earns revenue through its processing services, which add value to raw materials and provide custom solutions to meet specific customer needs. Additionally, BE Group benefits from strategic partnerships with suppliers and manufacturers, allowing it to maintain competitive pricing and a diverse product range. The company's efficiency in logistics and distribution further optimizes its operations, contributing to its overall profitability.

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	4.04B	4.67B	5.33B	6.88B	5.39B	3.67B
Gross Profit	394.00M	517.00M	544.00M	1.01B	1.10B	548.00M
EBITDA	-480.00M	93.00M	46.00M	534.00M	736.00M	143.00M
Net Income	-558.00M	-42.00M	-60.00M	324.00M	495.00M	4.00M
Balance Sheet
Total Assets	2.42B	2.92B	3.02B	3.34B	3.10B	2.42B
Cash, Cash Equivalents and Short-Term Investments	97.00M	9.00M	74.00M	50.00M	54.00M	166.00M
Total Debt	745.00M	778.00M	813.00M	906.00M	776.00M	863.00M
Total Liabilities	1.41B	1.53B	1.60B	1.70B	1.69B	1.51B
Stockholders Equity	1.01B	1.39B	1.42B	1.64B	1.41B	905.00M
Cash Flow
Free Cash Flow	2.00M	5.00M	346.00M	150.00M	6.00M	320.00M
Operating Cash Flow	60.00M	105.00M	491.00M	204.00M	32.00M	341.00M
Investing Cash Flow	-35.00M	-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: 27.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 27.5 is above the 20-day moving average (MA) of 27.23, above the 50-day MA of 27.04, and below the 200-day MA of 30.82, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 43.35 is Neutral, neither overbought nor oversold. The STOCH value of 25.16 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
ALLEI	73 Outperform	kr21.24B	21.67	―	2.85%	-2.06%	-26.19%
SSAB.A	73 Outperform	kr75.54B	15.33	7.29%	3.75%	-8.04%	-37.18%
GRNG	71 Outperform	kr16.15B	17.03	9.93%	2.29%	22.58%	0.31%
BILL	70 Outperform	kr23.76B	19.62	4.43%	3.81%	2.55%	98.53%
SSAB.B	65 Neutral	kr75.54B	15.23	7.29%	3.80%	-8.04%	-37.18%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BEGR	44 Neutral	kr514.13M	-0.69	-46.11%	―	-15.98%	-2831.45%

BE Group AB Corporate Events

BE Group AB Appoints Acting CEO Amid Leadership Transition

BE Group AB has announced the appointment of Christoffer Franzén as Acting President and CEO, effective December 17, 2025, following the departure of Peter Andersson. Franzén, who is currently the CFO, will hold the position until Johan Wiig takes over on February 2, 2026. This leadership transition is crucial for the company’s strategic continuity and operational stability as it continues to serve its core markets in the steel distribution industry.

The most recent analyst rating on (SE:BEGR) stock is a Hold with a SEK30.00 price target. To see the full list of analyst forecasts on BE Group AB stock, see the SE:BEGR Stock Forecast page.

BE Group AB Announces Share Capital Reduction and Articles of Association Amendment

BE Group AB held an extraordinary general meeting on December 16, 2025, where it was resolved to reduce the company’s share capital without canceling shares, reallocating it to non-restricted equity. This decision, pending approval from the Swedish Companies Registration Office or a general court, is expected to be implemented in February 2026. Additionally, amendments to the articles of association were approved, adjusting the limits for share capital to facilitate this reduction. These changes aim to optimize the company’s financial structure while maintaining shareholder ownership unchanged.

The most recent analyst rating on (SE:BEGR) stock is a Hold with a SEK30.00 price target. To see the full list of analyst forecasts on BE Group AB stock, see the SE:BEGR Stock Forecast page.

BE Group AB Announces Extraordinary General Meeting for Strategic Financial Resolutions

BE Group AB has announced an extraordinary general meeting to discuss key resolutions, including a reduction of share capital without cancellation of shares, which will allow the company to transfer funds from restricted to unrestricted equity. This move follows a successful rights issue, indicating strategic financial restructuring aimed at enhancing operational flexibility and potentially improving shareholder value.

The most recent analyst rating on (SE:BEGR) stock is a Hold with a SEK26.00 price target. To see the full list of analyst forecasts on BE Group AB stock, see the SE:BEGR Stock Forecast page.

BE Group Appoints Johan Wiig as New CEO

BE Group has announced the appointment of Johan Wiig as its new President and CEO, effective March 2, 2026. Johan Wiig brings extensive experience and a successful track record from global industrial companies like SSAB, Scania, and Uddeholm. The Board of Directors is confident in his ability to lead the company through its upcoming development and transformation journey, aiming to strengthen BE Group’s position as a valuable partner for customers and employees.

The most recent analyst rating on (SE:BEGR) stock is a Hold with a SEK26.00 price target. To see the full list of analyst forecasts on BE Group AB stock, see the SE:BEGR Stock Forecast page.

BE Group AB Faces Challenges But Sees Positive Cash Flow Amid Market Adjustments

BE Group AB reported a significant decline in net sales and operating results for the third quarter of 2025, primarily due to challenges in its Finnish operations and a transition to a new ERP system. Despite this, the company saw an increase in cash flow from operating activities and completed an oversubscribed rights issue, indicating shareholder confidence. The company is focused on regaining market share in Finland and has implemented cost rationalization measures in Sweden, resulting in decreased sales and administration costs. The EU’s proposed tariff changes could positively impact the steel market, and BE Group anticipates a more favorable economic situation moving forward.

The most recent analyst rating on (SE:BEGR) stock is a Hold with a SEK26.00 price target. To see the full list of analyst forecasts on BE Group AB stock, see the SE:BEGR Stock Forecast page.