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

• Market Cap: kr74.44B
• Dividend Yield: 0.95%
• Average Volume (3M): 582.32K
• Price to Earnings (P/E): 30.4
• Beta (1Y): 1.11
• Revenue Growth: 9.08%
• EPS Growth: -3.36%
• Country: SE
• Employees: 6,733
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 1.45
• Shares Outstanding: 481,135,530
• 10 Day Avg. Volume: 537,611
• 30 Day Avg. Volume: 582,322
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: kr169.00 ▲(14.85% Upside)

The overall stock score of 72 reflects strong financial performance driven by robust revenue growth and efficient cost management. Technical analysis indicates moderate momentum with some bearish signals, while the valuation suggests the stock is relatively expensive. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

The company's significant revenue growth reflects strong market demand and effective sales strategies, positioning it well for sustained expansion.

Efficient Cost Management

Improved gross margins demonstrate effective cost control, enhancing profitability and providing a buffer against market fluctuations.

Healthier Leverage Position

A lower debt-to-equity ratio indicates reduced financial risk and increased stability, allowing for greater strategic flexibility.

Negative Factors

Modest Net Profit Margin

A modest net profit margin indicates potential challenges in converting revenue growth into bottom-line profitability, which could impact long-term earnings.

Cash Conversion Efficiency

Moderate cash conversion efficiency indicates that the company may face challenges in translating earnings into cash flow, affecting liquidity and investment capacity.

EPS Decline

A decline in EPS growth suggests potential issues in profit generation, which could affect investor confidence and the company's ability to reinvest in growth.

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 generates revenue primarily through the sale of HVAC and refrigeration equipment and components. Its key revenue streams include the distribution of compressors, refrigerants, and various HVAC systems, which are essential for cooling and heating applications in numerous industries. The company also benefits from service contracts, maintenance agreements, and aftermarket sales, which provide ongoing income after the initial sale of products. Significant partnerships with major manufacturers and suppliers enhance its product offerings and expand its market reach, contributing to steady revenue growth. Additionally, the increasing demand for energy-efficient and environmentally-friendly products positions Beijer Ref favorably in the market, further supporting its earnings.

Beijer Ref AB Class B Financial Statement Overview

Summary

Beijer Ref AB Class B demonstrates strong revenue growth and efficient cost management, leading to improved gross margins. The balance sheet shows a healthier leverage position, although maintaining this trend is crucial. Cash flow generation is improving, but further enhancement in cash conversion efficiency is advisable. Overall, the company is on a positive financial trajectory with opportunities for further profitability and cash flow improvements.

Income Statement

Beijer Ref AB Class B shows strong revenue growth with a TTM growth rate of 35.6%, indicating robust sales expansion. The gross profit margin has improved to 34.4% in the TTM, reflecting efficient cost management. However, the net profit margin is relatively modest at 6.4%, suggesting room for improvement in profitability. The EBIT and EBITDA margins are stable, indicating consistent operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has decreased to 0.58 in the TTM, reflecting a healthier leverage position compared to previous years. Return on equity stands at 10.5%, showing decent profitability on shareholder investments. The equity ratio is stable, indicating a balanced capital structure. However, the company should continue to monitor its debt levels to maintain financial stability.

Cash Flow

Free cash flow growth is positive at 9.5% in the TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.28, suggesting moderate cash conversion efficiency. The free cash flow to net income ratio is strong at 0.86, highlighting effective cash management. Continued focus on enhancing cash flow generation will be beneficial.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	37.61B	35.66B	32.15B	22.64B	16.90B	14.06B
Gross Profit	3.57B	11.51B	10.33B	6.83B	5.04B	4.26B
EBITDA	4.83B	4.61B	4.07B	2.47B	1.84B	1.48B
Net Income	2.45B	2.23B	2.38B	1.25B	979.00M	722.32M
Balance Sheet
Total Assets	45.38B	46.15B	39.17B	21.86B	15.30B	11.40B
Cash, Cash Equivalents and Short-Term Investments	3.52B	3.06B	1.96B	1.52B	1.00B	1.15B
Total Debt	12.54B	12.67B	10.25B	8.61B	5.45B	3.94B
Total Liabilities	23.30B	21.93B	17.73B	15.15B	10.03B	6.91B
Stockholders Equity	21.98B	24.07B	21.32B	6.60B	5.17B	4.41B
Cash Flow
Free Cash Flow	1.69B	2.63B	1.39B	-139.00M	-112.95M	1.14B
Operating Cash Flow	3.70B	3.08B	1.75B	81.00M	89.12M	1.33B
Investing Cash Flow	-1.47B	-2.73B	-9.23B	-1.33B	-748.95M	-352.49M
Financing Cash Flow	-507.00M	666.00M	7.97B	1.69B	469.06M	-560.45M

Beijer Ref AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 147.15
• 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:BEIJ.B, the sentiment is Negative. The current price of 147.15 is below the 20-day moving average (MA) of 149.76, below the 50-day MA of 149.96, and below the 200-day MA of 151.59, indicating a bearish trend. The MACD of -0.88 indicates Positive momentum. The RSI at 41.55 is Neutral, neither overbought nor oversold. The STOCH value of 39.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
TREL.B	73 Outperform	kr87.85B	24.27	9.56%	1.95%	2.73%	7.56%
BEIJ.B	72 Outperform	kr74.44B	30.36	11.04%	0.95%	9.08%	-3.36%
MYCR	71 Outperform	kr41.52B	23.74	26.95%	1.71%	14.48%	0.52%
NMAN	66 Neutral	kr5.99B	20.24	―	2.41%	2.05%	-11.66%
ALIG	65 Neutral	kr15.71B	22.29	9.59%	2.09%	-1.74%	26.36%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EPRO.B	63 Neutral	kr17.94B	27.50	12.07%	1.33%	1.51%	-11.25%

Beijer Ref AB Class B Corporate Events

Beijer Ref Expands in New Zealand with Refspecs Acquisition

Beijer Ref has signed an agreement to acquire Refspecs, a New Zealand-based HVAC/R wholesaler, which is expected to have a minor positive impact on Beijer Ref’s financial results. This acquisition aligns with Beijer Ref’s strategic goal of expanding its market footprint and strengthening its position in the HVAC and refrigeration sector in the region, pending approval from New Zealand’s competition authority.

The most recent analyst rating on ($SE:BEIJ.B) stock is a Buy with a SEK169.00 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.

Beijer Ref Completes Acquisition of Baltic HVAC Leader Airwave

Beijer Ref has successfully completed the acquisition of Airwave, a prominent HVAC distributor in the Baltic region, following approval from the Estonian competition authority. This acquisition, which includes an 80% share with an option for the remainder, strengthens Beijer Ref’s market presence in the Baltic region and integrates Airwave into its operations, enhancing its competitive edge in the HVAC industry.

The most recent analyst rating on ($SE:BEIJ.B) stock is a Buy with a SEK169.00 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.

Beijer Ref Expands North American Footprint with Strategic Acquisitions

Beijer Ref AB has strengthened its presence in North America by acquiring Key Refrigeration Supply and Dennis Supply Company, two HVAC/R distributors in the United States with a combined annual turnover of approximately SEK 800 million. These acquisitions are set to enhance Beijer Ref’s market position and support its expansion into new regions, with a minor positive impact expected on the company’s financial results.

The most recent analyst rating on ($SE:BEIJ.B) stock is a Buy with a SEK169.00 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.

Beijer Ref Expands Baltic Presence with Airwave Acquisition

Beijer Ref AB has announced the acquisition of 80% of Airwave, a leading HVAC distributor in the Baltic region, with an option to acquire the remaining shares. This strategic move is expected to enhance Beijer Ref’s market presence and capabilities in the HVAC sector, although it will have a minor positive impact on the company’s financial results. The acquisition aligns with Beijer Ref’s strategy to strengthen its market presence and leverage synergies across its operations.

The most recent analyst rating on ($SE:BEIJ.B) stock is a Hold with a SEK160.00 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.