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Bergman & Beving AB Class B
(BERG.B)
Select Model
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Rating:61Neutral
Price Target:
kr312.00
▲(1.46% Upside)
Action:Reiterated
Date:07/17/26
The score is driven primarily by solid financial performance—especially strong free-cash-flow generation and improving momentum—partly offset by rising leverage and earnings variability. Technicals are largely neutral with no strong trend signal. Valuation is a notable headwind due to the high P/E and modest dividend yield.
Positive Factors
Strong free cash flow generation
High and consistent trailing cash generation (FCF 450m, 87% cash conversion) underpins durable financing of operations, reinvestment and acquisitions without reliance on external funding. This strengthens strategic optionality and supports long-term capital allocation even through cycles.
Negative Factors
Rising financial leverage
Leverage has materially increased, constraining flexibility to absorb shocks or pursue opportunistic M&A. Higher debt-to-equity raises interest and refinancing risk, limiting free cash flow deployment for buybacks, dividends or capex and making capital structure management a medium-term priority.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
High and consistent trailing cash generation (FCF 450m, 87% cash conversion) underpins durable financing of operations, reinvestment and acquisitions without reliance on external funding. This strengthens strategic optionality and supports long-term capital allocation even through cycles.
Read all positive factors
Bergman & Beving AB Class B (BERG.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr7.46B
Dividend Yield1.45%
Average Volume (3M)25.81K
Price to Earnings (P/E)32.1
Beta (1Y)0.87
Revenue Growth-1.23%
EPS GrowthN/A
CountrySE
Employees1,347
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 Ratio16.90
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)10.81
Revenue Forecast (FY)kr5.19B
Bergman & Beving AB Class B Business Overview & Revenue Model
Company Description
Bergman & Beving AB (publ), established in Stockholm, Sweden, in 1906, is a prominent player involved in the acquisition, design, development, and distribution of products and brands. The company caters primarily to the manufacturing and construct...
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
72
Positive
Balance Sheet
58
Neutral
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.98B | 5.08B | 4.97B | 4.75B | 4.75B | 4.57B |
| Gross Profit | 1.41B | 2.56B | 2.35B | 2.12B | 2.12B | 1.95B |
| EBITDA | 773.00M | 706.00M | 712.00M | 571.00M | 570.00M | 500.00M |
| Net Income | 229.00M | 229.00M | -52.00M | 207.00M | 207.00M | 200.00M |
Balance Sheet | ||||||
| Total Assets | 6.73B | 6.62B | 6.13B | 6.06B | 5.75B | 5.29B |
| Cash, Cash Equivalents and Short-Term Investments | 392.00M | 382.00M | 348.00M | 296.00M | 220.00M | 182.00M |
| Total Debt | 2.33B | 2.39B | 2.06B | 1.79B | 1.75B | 1.44B |
| Total Liabilities | 4.61B | 4.58B | 4.16B | 3.85B | 3.51B | 3.36B |
| Stockholders Equity | 2.02B | 1.94B | 1.87B | 2.11B | 2.18B | 1.92B |
Cash Flow | ||||||
| Free Cash Flow | 432.00M | 427.00M | 446.00M | 605.00M | 288.00M | 174.00M |
| Operating Cash Flow | 501.00M | 493.00M | 509.00M | 663.00M | 333.00M | 225.00M |
| Investing Cash Flow | -335.00M | -538.00M | -463.00M | -368.00M | -281.00M | -188.00M |
| Financing Cash Flow | -284.00M | 81.00M | 25.00M | -223.00M | -25.00M | 1.00M |
Bergman & Beving AB Class B Technical Analysis
Negative
307.50
Price Trends
296.54
Negative
292.48
Negative
300.46
Negative
Market Momentum
-1.94
Positive
36.10
Neutral
10.62
Positive
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 296.35, above the 50-day MA of 296.54, and above the 200-day MA of 300.46, indicating a bearish trend. The MACD of -1.94 indicates Positive momentum. The RSI at 36.10 is Neutral, neither overbought nor oversold. The STOCH value of 10.62 is Positive, 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | kr9.93B | 20.17 | 9.42% | 3.37% | 4.80% | -6.52% | |
66 Neutral | kr11.03B | 28.64 | 11.66% | 2.67% | 4.03% | 38.99% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | kr7.46B | 32.11 | -3.67% | 1.25% | -1.23% | ― | |
57 Neutral | kr1.97B | 7.69 | 14.16% | 1.91% | -8.39% | 17.05% | |
48 Neutral | kr8.38B | 260.10 | 12.49% | 2.57% | -0.27% | -89.49% | |
48 Neutral | kr3.12B | 14.57 | 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 Sets August Date and Dual Format for 2026 AGM
Jul 17, 2026
Bergman Beving AB has convened its Annual General Meeting for 27 August 2026 at the IVA Conference Centre in central Stockholm, with shareholder registration starting 45 minutes before proceedings. The company is following Swedish corporate pract...
Bergman & Beving Extends Earnings Streak on Strong Margins Despite Weak Machinery Demand
Jul 16, 2026
Bergman Beving reported flat quarterly revenue of SEK 1,323 million but delivered its 26th consecutive quarter of earnings growth, lifting EBITA by 9% and improving the margin to 10.7%, while net profit and cash flow from operations edged higher ...
Bergman & Beving Invites Market to First-Quarter Interim Report Webcast
Jul 2, 2026
Bergman Beving AB, a Stockholm-listed industrial group, operates about 40 autonomous companies that supply value-adding solutions to industrial and construction clients in more than 25 countries. Founded in 1906, the group employs roughly 1,300 p...
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...
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.