Bergman & Beving AB Class B (BERG.B) AI Stock Analysis

• Market Cap: kr7.77B
• Dividend Yield: 1.25%
• Average Volume (3M): 25.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: 4.65%
• EPS Growth: -136.09%
• Country: SE
• Employees: 1,401
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 2.17
• Shares Outstanding: 26,375,760
• 10 Day Avg. Volume: 20,807
• 30 Day Avg. Volume: 25,807
• PEG Ratio: 1.17
• Price to Book (P/B): 4.14
• Price to Sales (P/S): 1.56
• P/FCF Ratio: 17.38
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: kr280.00 ▼(-8.94% Downside)

Bergman & Beving AB Class B's overall stock score is primarily impacted by its financial performance and technical analysis. The company faces significant challenges with declining revenue and profitability, and technical indicators suggest weak market momentum. Additionally, the negative P/E ratio and low dividend yield contribute to an unattractive valuation.

Positive Factors

Diversified niche portfolio and B2B model

Bergman & Beving's holding structure of niche industrial subsidiaries creates durable diversification across professional B2B end markets. Branded products and specialized distribution reduce single-business risk, support recurring order flows, and enable portfolio-level capital allocation and scaling over months.

Positive free cash flow generation

Consistent positive free cash flow in the trailing period is a durable strength: it funds capex, working capital and selective acquisitions without immediate reliance on external financing. Strong operating cash conversion also cushions the group through cyclical industrial demand.

Manageable leverage and stable equity ratio

A moderate debt-to-equity position and stable equity ratio provide financial flexibility over the medium term. This structure lowers refinancing risk, enables opportunistic M&A funding from balance-sheet capacity, and supports continued operational investment despite near-term profit pressure.

Negative Factors

Declining revenue trend and shrinking gross margin

A persistent revenue decline coupled with falling gross margins signals structural demand weakness or deteriorating pricing/ procurement economics in core niches. Over 2-6 months this erodes operating leverage, constrains margin recovery and limits the group's ability to rebuild sustainable profitability.

Negative net profit margins

Ongoing negative net margins reduce retained earnings and weaken the group's capacity to internally fund growth or pay lasting dividends. If losses persist, they can limit reinvestment into subsidiaries and pressure strategic initiatives, making long-term turnaround more difficult.

Severe EPS deterioration

A large negative EPS growth rate reflects material earnings deterioration and volatility in profitability. This undermines management's ability to demonstrate consistent operational improvement, can restrict access to favorable financing and makes multi-quarter recovery plans harder to execute reliably.

Bergman & Beving AB Class B Business Overview & Revenue Model

Company Description

Bergman & Beving AB (publ) acquires, designs, develops, and provides products and brands for the manufacturing and construction sectors in Sweden, Norway, Finland, and internationally. The company operates through three divisions: Building Materials, Workplace Safety, and Tools & Consumables. The Building Materials division develops and markets a range of products and solutions for fastening elements, fire protection, and tilers and bricklaying applications under the ESSVE, H&H, KGC, BVS, and Fireseal brands. The Workplace Safety division develops products and services in workplace safety under the Zekler, Guide, L.Brador, Cresto, Arbesko, MoG, RESQ, Systemtext, JO Safety, VIP Safety, and Skydda brands. This division provides workplace signs; protective and work gloves; work wear; personal protective equipment; and eye, ear, breathing, and head protection equipment. The Tools & Consumables division engages in the supply of tools and consumables under the Teng Tools, Mareld, Limit, Germ, Belano Maskin, Lidén Weighing, Miller's, Lindahl & Nermark, and Uveco brands. This division offers machinery, spare parts, and services; oil, grease, and chemical handling products for workshops and industrial customers; scales; measuring tools; conventional machines for wood- and metalwork, as well as accessories and related services; accessories for electrical hand tools; work lightings; locks and hardware fittings; and hand and other tools. The company was formerly known as B&B Tools AB (publ) and changed its name to Bergman & Beving AB (publ) in June 2017. Bergman & Beving AB (publ) was founded in 1906 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Bergman & Beving generates revenue through multiple streams, primarily by selling a diverse range of industrial products and services to businesses in various sectors. The company benefits from its strong distribution network, which allows it to reach a broad customer base effectively. Key revenue streams include sales of tools, equipment, and protective gear, as well as value-added services such as technical support and training. Additionally, strategic partnerships with leading manufacturers enhance its product offerings and market competitiveness. The company's focus on sustainability and innovation also attracts environmentally conscious customers, contributing to its earnings growth.

Bergman & Beving AB Class B Financial Statement Overview

Summary

Bergman & Beving AB Class B faces challenges with declining revenue and profitability, as reflected in the income statement. The balance sheet shows a stable financial structure but with concerns over negative returns on equity. Cash flow remains a relative strength, with positive free cash flow growth, but profitability issues persist.

Income Statement

The income statement shows a declining revenue trend with a significant drop in the TTM period. Gross profit margin has decreased from previous years, and the company is experiencing negative net profit margins, indicating losses. EBIT and EBITDA margins are relatively stable but low, reflecting operational challenges.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio, suggesting manageable leverage. However, the return on equity has turned negative in the TTM period, indicating inefficiencies in generating returns for shareholders. The equity ratio remains stable, showing a balanced asset structure.

Cash Flow

Cash flow analysis indicates positive free cash flow growth in the TTM period, which is a positive sign. The operating cash flow to net income ratio is healthy, suggesting good cash generation relative to reported losses. However, the free cash flow to net income ratio highlights the company's struggle with profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.02B	4.97B	4.74B	4.75B	4.57B	4.31B
Gross Profit	1.84B	2.35B	2.27B	2.12B	1.95B	1.74B
EBITDA	717.00M	712.00M	668.00M	570.00M	500.00M	427.00M
Net Income	-73.00M	-52.00M	191.00M	207.00M	200.00M	164.00M
Balance Sheet
Total Assets	6.36B	6.14B	6.06B	5.75B	5.29B	4.94B
Cash, Cash Equivalents and Short-Term Investments	484.00M	348.00M	296.00M	220.00M	182.00M	139.00M
Total Debt	2.34B	2.06B	1.79B	1.75B	1.44B	1.23B
Total Liabilities	4.41B	4.16B	3.85B	3.51B	3.36B	3.23B
Stockholders Equity	1.86B	1.87B	2.11B	2.18B	1.92B	1.70B
Cash Flow
Free Cash Flow	474.00M	446.00M	605.00M	288.00M	174.00M	312.00M
Operating Cash Flow	536.00M	509.00M	663.00M	333.00M	225.00M	383.00M
Investing Cash Flow	-556.00M	-463.00M	-368.00M	-281.00M	-188.00M	-177.00M
Financing Cash Flow	39.00M	25.00M	-223.00M	-25.00M	1.00M	-147.00M

Bergman & Beving AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 307.50
• 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:BERG.B, the sentiment is Negative. The current price of 307.5 is above the 20-day moving average (MA) of 296.75, above the 50-day MA of 306.57, and below the 200-day MA of 311.36, indicating a bearish trend. The MACD of -7.41 indicates Positive momentum. The RSI at 46.02 is Neutral, neither overbought nor oversold. The STOCH value of 51.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BERG.B.

Bergman & Beving AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VOLO	66 Neutral	kr7.64B	31.47	14.16%	1.91%	9.65%	19.40%
INWI	66 Neutral	kr9.74B	17.99	9.78%	3.37%	3.41%	-1.70%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TROAX	63 Neutral	kr8.76B	35.48	12.49%	2.57%	-5.67%	-33.12%
INSTAL	59 Neutral	kr7.07B	26.58	8.12%	2.67%	-3.68%	-48.79%
FAG	50 Neutral	kr6.68B	26.16	3.57%	3.46%	-6.23%	-37.00%
BERG.B	48 Neutral	kr7.77B	-115.24	-3.67%	1.25%	4.65%	-136.09%

Bergman & Beving AB Class B Corporate Events

Bergman & Beving lifts profitability while reshaping portfolio

Third-quarter EBITA climbed 12% to MSEK 135 on an improved 10.7% margin despite flat revenue, with comparable-unit growth returning and strong capital efficiency, while management fine-tuned the portfolio through two UK acquisitions and a January divestment to sharpen its niche focus. Nine-month figures showed steady top-line momentum, resilient adjusted profitability, and solid cash generation as the group restructured into four divisions to support acquisition-led and organic growth ambitions amid a cautiously optimistic 2026 demand outlook.

The most recent analyst rating on ($SE:BERG.B) stock is a Hold with a SEK265.00 price target. To see the full list of analyst forecasts on Bergman & Beving AB Class B stock, see the SE:BERG.B Stock Forecast page.

Bergman & Beving expands fire safety portfolio with acquisition of UK firm A1S

Bergman & Beving has acquired all shares in UK-based A1 Shutters Limited (A1S), a leading supplier of certified fire curtains and fire shutters with 54 employees and annual sales of just over GBP 9 million. The Bolton-based company will be integrated into Bergman & Beving’s Safety Technology division, strengthening the group’s presence in the growing niche market for certified fire curtains, complementing existing operations in Sweden and Norway, and is expected to have a marginally positive impact on earnings per share in the current financial year, while A1S’s long-time principal owner Carl Everest remains as managing director to ensure continuity for customers.

The most recent analyst rating on ($SE:BERG.B) stock is a Hold with a SEK265.00 price target. To see the full list of analyst forecasts on Bergman & Beving AB Class B stock, see the SE:BERG.B Stock Forecast page.

Bergman & Beving Board Member Resigns for Government Role

Bergman & Beving has announced a change to its board of directors following the resignation of board member Charlotte Hansson, who is leaving due to a new role at the Government Offices of Sweden. Hansson, who has served on the board since 2020, is described by chairman Jörgen Wigh as a highly appreciated member whose contributions have been valuable to the board’s work. The company’s Nomination Committee will now review the board’s composition ahead of the next Annual General Meeting, a step that signals a formal process to ensure continuity in governance and board competence as the group continues to execute its long-term strategy in industrial and construction market niches.

The most recent analyst rating on ($SE:BERG.B) stock is a Hold with a SEK269.00 price target. To see the full list of analyst forecasts on Bergman & Beving AB Class B stock, see the SE:BERG.B Stock Forecast page.

Bergman & Beving Schedules Webcast for Q3 Interim Report on 4 February 2026

Bergman & Beving has invited analysts, media and investors to a webcast presentation of its third-quarter interim report on 4 February 2026 at 09:00 CET, to be hosted in English by CEO Magnus Söderlind and CFO Peter Schön. The presentation, which will be recorded and made available on the company’s website, will allow participants to ask questions either in writing via the webcast or verbally via a conference call, underlining the group’s ongoing efforts to maintain transparent communication with the capital market and other stakeholders ahead of the quarterly earnings disclosure.

The most recent analyst rating on ($SE:BERG.B) stock is a Hold with a SEK297.00 price target. To see the full list of analyst forecasts on Bergman & Beving AB Class B stock, see the SE:BERG.B Stock Forecast page.

Bergman & Beving Reshapes Organisation With New Fourth Division to Drive Growth

Bergman & Beving has introduced a new organisational setup with four divisions – Core Solutions, Safety Technology, Machinery & Equipment, and PPE & Utilities – each led by its own divisional head, in a move aimed at sharpening strategic focus and improving operational efficiency across its portfolio of niche industrial and construction solution providers. Effective from 1 October 2025 and to be reflected in financial reporting from the third quarter of 2025/2026, the revised divisional structure is designed to support more efficient capital allocation and an expanded acquisition agenda, underpinning the company’s ambition to deliver robust, profitable growth over the business cycle and reinforcing its position as an active consolidator in its chosen markets.

The most recent analyst rating on ($SE:BERG.B) stock is a Hold with a SEK297.00 price target. To see the full list of analyst forecasts on Bergman & Beving AB Class B stock, see the SE:BERG.B Stock Forecast page.

Bergman & Beving AB Executes Share Repurchase

Bergman & Beving AB has repurchased 200,000 of its own Class B shares at an average price of SEK 318.00 per share, as authorized by its Annual General Meeting. This move increases the total number of treasury shares to 800,743, out of a total of 27,436,416 shares, with 26,635,673 shares outstanding. The repurchase may impact the company’s stock liquidity and shareholder value, reflecting a strategic decision to manage its capital structure.

The most recent analyst rating on ($SE:BERG.B) stock is a Hold with a SEK324.00 price target. To see the full list of analyst forecasts on Bergman & Beving AB Class B stock, see the SE:BERG.B Stock Forecast page.