Beijer Ref AB Class B (BEIJ.B) AI Stock Analysis

• Market Cap: €77.76B
• Dividend Yield: 0.91%
• Average Volume (3M): 557.33K
• Price to Earnings (P/E): 32.7
• Beta (1Y): 1.17
• Revenue Growth: 11.65%
• EPS Growth: -2.60%
• Country: SE
• Employees: 6,733
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 1.56
• Shares Outstanding: 481,135,530
• 10 Day Avg. Volume: 583,151
• 30 Day Avg. Volume: 557,327
• PEG Ratio: -3.70
• Price to Book (P/B): 3.44
• Price to Sales (P/S): 2.32
• P/FCF Ratio: 31.37
• 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: €175.66
• Price Target Upside: 18.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: kr176.00 ▲(18.52% Upside)

Beijer Ref AB's strong financial performance is the most significant factor, supported by robust profitability and a debt-free balance sheet. However, technical analysis indicates potential short-term weakness, and the high P/E ratio suggests overvaluation, which tempers the overall score.

Beijer Ref AB Class B Business Overview & Revenue Model

Company Description

Beijer Ref AB (publ), together with its subsidiaries, engages in the wholesale of refrigeration products for refrigeration installation contractors, and service and contracting companies. It offers refrigeration and air conditioning units, heat pumps, and components, as well as spare parts. The company also focuses on the development and manufacture of refrigeration systems and heat pumps on an original equipment manufacturing basis. It operates in the Nordic countries, Southern Europe, Central Europe, Eastern Europe, Africa, and the Asia Pacific. The company was formerly known as G & L Beijer AB (publ) and changed its name to Beijer Ref AB (publ) in May 2014. Beijer Ref AB (publ) was founded in 1866 and is headquartered in Malmö, Sweden.

How the Company Makes Money

Beijer Ref makes money primarily through the distribution and sale of refrigeration and HVAC equipment. The company generates revenue by sourcing products from a wide network of manufacturers and selling them to contractors, installers, and end-users. Beijer Ref also offers value-added services such as technical support, training, and after-sales service, which contribute to its revenue streams. Key revenue streams include the sale of commercial and industrial refrigeration systems, air conditioning units, and heating solutions. Strategic partnerships with leading manufacturers and a strong distribution network are significant factors that enhance the company's earnings potential, allowing it to maintain competitive pricing and expand its market reach.

Beijer Ref AB Class B Financial Statement Overview

Summary

Beijer Ref AB exhibits a robust financial profile with strong profitability, effective cash flow management, and a stable balance sheet. The absence of debt significantly strengthens its financial position, although the decline in equity warrants observation. Overall, the company is well-positioned for continued growth and operational efficiency.

Income Statement

Beijer Ref AB demonstrates strong profitability and growth. The TTM (Trailing-Twelve-Months) gross profit margin is healthy at 53.6%, and the net profit margin stands at 6.3%. The company has shown substantial revenue growth with a rate of 14.7% from the previous year, indicating a positive growth trajectory. EBIT and EBITDA margins are also robust at 10.0% and 12.6%, respectively, showcasing operational efficiency.

Balance Sheet

The balance sheet reflects financial stability with a complete absence of debt in the TTM period, enhancing the company's financial flexibility. The equity ratio is 49.1%, indicating a solid equity base relative to total assets. However, a slight decline in stockholders' equity from the previous year suggests a need to monitor equity trends. The return on equity is commendable at 10.4%, reflecting effective use of equity capital.

Cash Flow

Cash flow analysis highlights effective cash generation, with a free cash flow growth rate of -2.4%, which is relatively stable. The operating cash flow to net income ratio is 1.3, and the free cash flow to net income ratio is also 1.3, indicating that the company efficiently converts earnings into cash. Despite slight fluctuations, the overall cash position remains strong.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	37.38B	35.66B	32.15B	22.64B	16.90B	14.06B
Gross Profit	12.87B	11.51B	10.33B	6.83B	5.04B	4.26B
EBITDA	4.77B	4.61B	4.07B	2.47B	1.84B	1.48B
Net Income	2.38B	2.23B	2.38B	1.25B	979.00M	722.32M
Balance Sheet
Total Assets	45.75B	46.15B	39.17B	21.86B	15.30B	11.40B
Cash, Cash Equivalents and Short-Term Investments	2.69B	3.06B	1.96B	1.52B	1.00B	1.15B
Total Debt	12.70B	12.67B	10.25B	8.61B	5.45B	3.94B
Total Liabilities	23.89B	21.93B	17.73B	15.15B	10.03B	6.91B
Stockholders Equity	21.87B	24.07B	21.32B	6.60B	5.17B	4.41B
Cash Flow
Free Cash Flow	2.81B	2.63B	1.39B	-139.00M	-112.95M	1.14B
Operating Cash Flow	3.25B	3.08B	1.75B	81.00M	89.12M	1.33B
Investing Cash Flow	-1.73B	-2.73B	-9.23B	-1.33B	-748.95M	-352.49M
Financing Cash Flow	-605.00M	666.00M	7.97B	1.69B	469.06M	-560.45M

Beijer Ref AB Class B Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 148.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BEIJ.B, the sentiment is Neutral. The current price of 148.5 is below the 20-day moving average (MA) of 151.59, below the 50-day MA of 160.68, and below the 200-day MA of 155.75, indicating a neutral trend. The MACD of -2.74 indicates Negative momentum. The RSI at 48.51 is Neutral, neither overbought nor oversold. The STOCH value of 87.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BEIJ.B.

Beijer Ref AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MYCR	73 Outperform	kr43.85B	22.14	31.98%	1.23%	24.55%	32.41%
ALIG	67 Neutral	€17.06B	23.47	9.98%	1.90%	-0.39%	34.10%
BEIJ.B	66 Neutral	€77.76B	32.72	10.73%	0.91%	11.65%	-2.60%
NMAN	65 Neutral	kr5.83B	20.32	―	2.41%	-0.99%	-18.07%
TREL.B	64 Neutral	kr79.85B	23.09	9.31%	2.13%	2.42%	4.02%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EPRO.B	63 Neutral	$17.99B	22.63	15.19%	1.33%	3.98%	12.36%

Beijer Ref AB Class B Corporate Events

Beijer Ref Launches SEK 7 Billion MTN Program to Boost Financing Flexibility

Beijer Ref has launched a Medium Term Note program with a framework of SEK 7 billion, approved by the Swedish Financial Supervisory Authority. This initiative aims to enhance the company’s financing strategy, allowing for a more flexible and diverse financial base to support long-term growth through acquisitions.

The most recent analyst rating on ($SE:BEIJ.B) stock is a Hold with a SEK176.00 price target. To see the full list of analyst forecasts on Beijer Ref AB Class B stock, see the SE:BEIJ.B Stock Forecast page.