Bergman & Beving AB Class B (SE:BERG.B)
:BERG.B
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Bergman & Beving AB Class B
(BERG.B)
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Rating:45Neutral
Price Target:
kr254.00
â–¼(-17.40% Downside)
Action:ReiteratedDate:02/06/26
The score is held back primarily by weakening financial performance (revenue decline and net losses) and increased leverage, with only partial support from still-positive free cash flow. Technical indicators also point to a bearish trend (price below key moving averages and negative MACD), while valuation support is limited due to the negative P/E and a modest dividend yield.
Positive Factors
Niche B2B portfolio and business model
Bergman & Beving’s model of owning and developing niche industrial subsidiaries serving professional customers creates durable demand, pricing power in specialized product segments, and diversification across end-markets. This structure supports steady cash flows and targeted operational improvements that persist beyond short cycles.
Negative Factors
Revenue decline and swing to net loss
A meaningful revenue decline and movement into a net loss indicate weakening demand or adverse mix that directly corrodes capital returns and retention. Over several quarters this can erode scale economics, reduce reinvestment capacity, and complicate turnaround efforts across the portfolio.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche B2B portfolio and business model
Bergman & Beving’s model of owning and developing niche industrial subsidiaries serving professional customers creates durable demand, pricing power in specialized product segments, and diversification across end-markets. This structure supports steady cash flows and targeted operational improvements that persist beyond short cycles.
Read all positive factors
Bergman & Beving AB Class B (BERG.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr7.36B
Dividend Yield1.25%
Average Volume (3M)25.81K
Price to Earnings (P/E)37.3
Beta (1Y)0.77
Revenue Growth4.65%
EPS Growth-136.09%
CountrySE
Employees1,401
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)2.19
Shares Outstanding26,375,760
10 Day Avg. Volume20,807
30 Day Avg. Volume25,807
Financial Highlights & Ratios
PEG Ratio1.17
Price to Book (P/B)4.14
Price to Sales (P/S)1.56
P/FCF Ratio17.38
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)10.25
Revenue Forecast (FY)kr5.12B
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 Materia...
How the Company Makes Money
Bergman & Beving makes money primarily through revenues generated by its subsidiary companies that sell industrial products and related solutions to professional customers. The core revenue model is business-to-business sales of products (often un...
Bergman & Beving AB Class B Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
44
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.01B | 4.97B | 4.74B | 4.75B | 4.57B | 4.31B |
| Gross Profit | 1.34B | 2.35B | 2.27B | 2.12B | 1.95B | 1.74B |
| EBITDA | 731.00M | 712.00M | 668.00M | 570.00M | 500.00M | 427.00M |
| Net Income | -68.00M | -52.00M | 191.00M | 207.00M | 200.00M | 164.00M |
Balance Sheet | ||||||
| Total Assets | 6.32B | 6.14B | 6.06B | 5.75B | 5.29B | 4.94B |
| Cash, Cash Equivalents and Short-Term Investments | 377.00M | 348.00M | 296.00M | 220.00M | 182.00M | 139.00M |
| Total Debt | 2.62B | 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 | 1.81B | 1.87B | 2.11B | 2.18B | 1.92B | 1.70B |
Cash Flow | ||||||
| Free Cash Flow | 376.00M | 446.00M | 605.00M | 288.00M | 174.00M | 312.00M |
| Operating Cash Flow | 447.00M | 509.00M | 663.00M | 333.00M | 225.00M | 383.00M |
| Investing Cash Flow | -387.00M | -463.00M | -368.00M | -281.00M | -188.00M | -177.00M |
| Financing Cash Flow | -9.00M | 25.00M | -223.00M | -25.00M | 1.00M | -147.00M |
Bergman & Beving AB Class B Technical Analysis
Negative
307.50
Price Trends
278.98
Negative
295.80
Negative
306.66
Negative
Market Momentum
-4.23
Positive
45.67
Neutral
36.75
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 273.80, above the 50-day MA of 278.98, and above the 200-day MA of 306.66, indicating a bearish trend. The MACD of -4.23 indicates Positive momentum. The RSI at 45.67 is Neutral, neither overbought nor oversold. The STOCH value of 36.75 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | kr8.80B | 18.51 | 9.42% | 3.37% | 3.41% | -1.70% | |
64 Neutral | kr8.62B | 13.17 | 11.66% | 2.67% | -3.68% | -48.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | kr4.92B | 16.18 | 3.57% | 3.46% | -6.23% | -37.00% | |
55 Neutral | kr6.42B | 47.20 | 14.16% | 1.91% | 9.65% | 19.40% | |
50 Neutral | kr5.98B | 59.83 | 12.49% | 2.57% | -5.67% | -33.12% | |
45 Neutral | kr7.36B | 37.27 | -3.67% | 1.25% | 4.65% | -136.09% |
* Industrials Sector Average
SE:BERG.B
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Bergman & Beving AB Class B Corporate Events
Bergman & Beving lifts profitability while reshaping portfolio
Feb 4, 2026
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 ...
Bergman & Beving expands fire safety portfolio with acquisition of UK firm A1S
Feb 2, 2026
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 integrat...
Bergman & Beving Board Member Resigns for Government Role
Jan 30, 2026
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...
Bergman & Beving Schedules Webcast for Q3 Interim Report on 4 February 2026
Jan 21, 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 presentatio...
Bergman & Beving Reshapes Organisation With New Fourth Division to Drive Growth
Jan 13, 2026
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 ...
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.