BE Group AB (SE:BEGR)
:BEGR
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BE Group AB
(BEGR)
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Rating:46Neutral
Price Target:
kr25.00
▼(-9.09% Downside)
Action:ReiteratedDate:04/23/26
The score is held down primarily by deteriorated financial performance (loss-making margins, rising leverage risk, and negative free cash flow). Technical indicators are moderately supportive and partially offset the weakness, but valuation remains unattractive due to negative earnings.
Positive Factors
Business model & value-added services
BE Group’s core model combines bulk steel distribution with value‑added processing (cutting, plate work) and logistics. That mix creates recurring supply flows and customer stickiness from tailored services, supporting steadier revenue and higher marginal profitability over months.
Negative Factors
Deteriorated profitability
Persistent negative margins and recurring operating losses undermine long‑term sustainability: they erode retained earnings, constrain reinvestment in processing capacity or service centers, and reduce resilience to raw material price swings, making recovery dependent on structural margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model & value-added services
BE Group’s core model combines bulk steel distribution with value‑added processing (cutting, plate work) and logistics. That mix creates recurring supply flows and customer stickiness from tailored services, supporting steadier revenue and higher marginal profitability over months.
Read all positive factors
BE Group AB (BEGR) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr496.61M
Dividend YieldN/A
Average Volume (3M)23.07K
Price to Earnings (P/E)23.4
Beta (1Y)0.33
Revenue Growth-13.79%
EPS Growth-880.47%
CountrySE
Employees596
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.26
Shares Outstanding19,501,726
10 Day Avg. Volume19,471
30 Day Avg. Volume23,072
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.42
Price to Sales (P/S)0.10
P/FCF Ratio-20.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.8
Revenue Forecast (FY)kr5.86B
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, ...
How the Company Makes Money
BE Group makes money primarily by (1) selling steel and metal products and (2) charging for associated processing and logistics services. The core revenue stream is distribution: the company buys steel products from mills/wholesalers, holds invent...
BE Group AB Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.85B | 3.93B | 4.67B | 5.33B | 6.88B | 5.39B |
| Gross Profit | 398.00M | 383.00M | 517.00M | 544.00M | 1.01B | 1.10B |
| EBITDA | -452.00M | -468.00M | 93.00M | 46.00M | 534.00M | 736.00M |
| Net Income | -519.00M | -538.00M | -42.00M | -60.00M | 324.00M | 495.00M |
Balance Sheet | ||||||
| Total Assets | 2.37B | 2.19B | 2.92B | 3.02B | 3.34B | 3.10B |
| Cash, Cash Equivalents and Short-Term Investments | 48.00M | 61.00M | 9.00M | 74.00M | 50.00M | 54.00M |
| Total Debt | 694.00M | 687.00M | 778.00M | 813.00M | 906.00M | 776.00M |
| Total Liabilities | 1.40B | 1.22B | 1.53B | 1.60B | 1.70B | 1.69B |
| Stockholders Equity | 974.00M | 967.00M | 1.39B | 1.42B | 1.64B | 1.41B |
Cash Flow | ||||||
| Free Cash Flow | -15.00M | -20.00M | 5.00M | 346.00M | 150.00M | 6.00M |
| Operating Cash Flow | 25.00M | 2.00M | 105.00M | 491.00M | 204.00M | 32.00M |
| Investing Cash Flow | -28.00M | -18.00M | -84.00M | -145.00M | -56.00M | -25.00M |
| Financing Cash Flow | 42.00M | 65.00M | -86.00M | -322.00M | -155.00M | -121.00M |
BE Group AB Technical Analysis
Positive
27.50
Price Trends
24.50
Positive
25.70
Positive
26.98
Negative
Market Momentum
0.35
Negative
63.71
Neutral
75.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BEGR, the sentiment is Positive. The current price of 27.5 is above the 20-day moving average (MA) of 24.35, above the 50-day MA of 24.50, and above the 200-day MA of 26.98, indicating a neutral trend. The MACD of 0.35 indicates Negative momentum. The RSI at 63.71 is Neutral, neither overbought nor oversold. The STOCH value of 75.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BEGR.
BE Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr18.50B | 12.45 | 9.93% | 2.29% | 16.02% | 5.41% | |
62 Neutral | kr82.72B | 39.99 | 7.29% | 3.75% | -5.66% | 5.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | kr20.53B | 30.52 | ― | 2.85% | -10.17% | -63.66% | |
58 Neutral | kr82.72B | 39.99 | 7.23% | 3.80% | -5.66% | 5.97% | |
52 Neutral | kr15.67B | 32.85 | 2.55% | 3.81% | -12.11% | -95.84% | |
46 Neutral | kr496.61M | 23.37 | -50.84% | ― | -13.79% | -880.47% |
* Basic Materials Sector Average
SE:BEGR
BE Group AB
25.50
-9.93
-28.03%
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63.00
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-36.10%
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47.42%
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38.57%
SE:SSAB.B
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BE Group AB Corporate Events
BE Group AGM Backs New Incentive Plan, Keeps Dividend on Hold
Apr 22, 2026
BE Group AB’s 2026 annual general meeting in Malmö approved the company’s income statements, re-elected most of the board, and added AB Traction executive Peter Wennerstein as a new director while keeping Ernst Young as auditor a...
BE Group lifts Q1 operating result despite weaker sales and soft steel demand
Apr 22, 2026
BE Group AB reported an 8% fall in first-quarter 2026 net sales to SEK 1,022 million amid weak market conditions and low underlying demand, but lifted its operating result to SEK 8 million from a SEK 12 million loss, supported by higher gross marg...
BE Group AB Releases Comprehensive 2025 Annual Report
Mar 27, 2026
BE Group AB has published its 2025 Annual Report, detailing a year in which the steel distributor generated SEK 3.9 billion in sales and continued to focus on value-added processing of steel, stainless steel and aluminium for construction and manu...
BE Group Calls AGM to Vote on Capital Mandates and Incentive Program
Mar 19, 2026
BE Group AB has called its annual general meeting for April 22, 2026, in Malmö, inviting shareholders of record as of April 14 to attend in person or via proxy, subject to standard registration and documentation requirements. Holders of nomin...
BE Group Completes Major Share Capital Reduction Without Cancelling Shares
Feb 25, 2026
BE Group AB has obtained regulatory approval from the Swedish Companies Registration Office to execute a previously approved reduction of its share capital without cancelling any shares, reallocating funds to non‑restricted equity. The move ...
BE Group Swings to Heavy Loss in 2025 as Nordic Steel Slump and Write-Downs Bite
Jan 27, 2026
BE Group AB reported a sharp downturn for 2025 as weak demand in the Nordic steel market, especially in manufacturing, and disruptions from a new business system in Finland pushed the group to a full-year operating loss of SEK 586 million and a ne...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.