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:53Neutral
Price Target:
kr294.00
▼(-4.39% Downside)
Action:Reiterated
Date:05/20/26
The score is driven primarily by mid-range financial performance: strong and consistent free cash flow is a positive, but higher leverage and recent earnings volatility (including the 2026 gross margin anomaly) reduce confidence. Technicals are slightly weak with negative MACD and price below longer-term averages. Valuation also weighs on the score given the high P/E and modest dividend yield.
Positive Factors
Consistent free cash flow
Consistently positive free cash flow (including ~SEK 493m in 2026) supports the group’s ability to fund operations, invest in subsidiaries, pay dividends and service debt without reliance on new equity. This durable cash generation improves resilience across cycles and underpins strategic flexibility.
Negative Factors
Rising leverage
Material increase in leverage (debt to equity ~1.23x) reduces financial flexibility and raises interest and refinancing risk. Higher debt amplifies earnings volatility and limits the company’s capacity to invest organically or absorb shocks, making long-term strategic moves riskier.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent free cash flow
Consistently positive free cash flow (including ~SEK 493m in 2026) supports the group’s ability to fund operations, invest in subsidiaries, pay dividends and service debt without reliance on new equity. This durable cash generation improves resilience across cycles and underpins strategic flexibility.
Read all positive factors
Bergman & Beving AB Class B (BERG.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr7.86B
Dividend Yield1.25%
Average Volume (3M)25.81K
Price to Earnings (P/E)31.5
Beta (1Y)0.83
Revenue GrowthN/A
EPS GrowthN/A
CountrySE
Employees1,401
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)8.58
Shares Outstanding26,375,760
10 Day Avg. Volume20,807
30 Day Avg. Volume25,807
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)3.71
Price to Sales (P/S)1.45
P/FCF Ratio14.64
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)11.11
Revenue Forecast (FY)kr5.16B
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 its operating subsidiaries by selling products and related services to B2B customers. Revenue is generated mainly from (1) distribution/wholesale and direct sales of industrial supplies (e.g., tools, ...
Bergman & Beving AB Class B Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
53
Neutral
Cash Flow
66
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.97B | 4.97B | 4.74B | 4.75B | 4.57B |
| Gross Profit | 297.00M | 2.35B | 2.27B | 2.12B | 1.95B |
| EBITDA | 767.00M | 712.00M | 668.00M | 570.00M | 500.00M |
| Net Income | 229.00M | -52.00M | 191.00M | 207.00M | 200.00M |
Balance Sheet | |||||
| Total Assets | 6.62B | 6.14B | 6.06B | 5.75B | 5.29B |
| Cash, Cash Equivalents and Short-Term Investments | 382.00M | 348.00M | 296.00M | 220.00M | 182.00M |
| Total Debt | 2.39B | 2.06B | 1.79B | 1.75B | 1.44B |
| Total Liabilities | 4.58B | 4.16B | 3.85B | 3.51B | 3.36B |
| Stockholders Equity | 1.94B | 1.87B | 2.11B | 2.18B | 1.92B |
Cash Flow | |||||
| Free Cash Flow | 493.00M | 446.00M | 605.00M | 288.00M | 174.00M |
| Operating Cash Flow | 493.00M | 509.00M | 663.00M | 333.00M | 225.00M |
| Investing Cash Flow | -538.00M | -463.00M | -368.00M | -281.00M | -188.00M |
| Financing Cash Flow | 81.00M | 25.00M | -223.00M | -25.00M | 1.00M |
Bergman & Beving AB Class B Technical Analysis
Positive
307.50
Price Trends
290.55
Positive
291.55
Positive
307.48
Negative
Market Momentum
-1.72
Positive
50.14
Neutral
38.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BERG.B, the sentiment is Positive. The current price of 307.5 is above the 20-day moving average (MA) of 303.90, above the 50-day MA of 290.55, and above the 200-day MA of 307.48, indicating a neutral trend. The MACD of -1.72 indicates Positive momentum. The RSI at 50.14 is Neutral, neither overbought nor oversold. The STOCH value of 38.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | kr10.29B | 28.65 | 11.66% | 2.67% | 0.30% | 28.26% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | kr8.41B | 205.83 | 9.42% | 3.37% | 0.67% | -12.32% | |
56 Neutral | kr6.33B | 73.30 | 12.49% | 2.57% | -7.84% | -67.75% | |
53 Neutral | kr7.86B | 31.51 | -3.67% | 1.25% | ― | ― | |
50 Neutral | kr6.73B | 38.78 | 14.16% | 1.91% | -8.39% | 17.05% | |
48 Neutral | kr3.43B | -41.50 | 3.57% | 3.46% | -3.64% | -25.09% |
* Industrials Sector Average
SE:BERG.B
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Bergman & Beving AB Class B Corporate Events
Bergman & Beving Lifts Profitability on Restructuring and Acquisitions Despite Flat Sales
May 13, 2026
Bergman Beving reported flat full-year revenue of MSEK 4,972 but delivered an 11 percent rise in adjusted EBITA to MSEK 537, lifting its adjusted EBITA margin to 10.8 percent and sharply improving net profit to MSEK 243 from a loss last year. The...
Bergman & Beving Sets May Webcast for 2025/2026 Financial Report
Apr 29, 2026
Bergman Beving, the Stockholm-listed industrial group founded in 1906, builds a portfolio of autonomous companies that supply value-adding tools, equipment and related solutions to industrial and construction customers across more than 25 countri...
Bergman & Beving’s Uveco Unit Buys Profitable Sheet-Metal Coater All Coating
Apr 1, 2026
Bergman Beving’s Machinery Equipment unit Uveco has acquired All Coating Industrilackeringar, a Gothenburg-based specialist in customer-specific coloured sheet metal marketed under the Flexcoat brand. All Coating employs five people, posts...
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.