Company Valuation: Beijer Ref AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 75,295 55,967 68,369 82,676 75,580 69,358 - -
Change - -25.67% 22.16% 20.93% -8.58% -8.23% - -
Enterprise Value (EV) 1 79,880 63,171 76,769 92,417 85,188 77,816 76,135 74,149
Change - -20.92% 21.53% 20.38% -7.82% -8.65% -2.16% -2.61%
P/E 77.3x 44.8x 27.6x 37.2x 32.5x 25.9x 22.6x 20.4x
PBR 14.1x 8.17x 3.2x 3.58x 3.47x 2.86x 2.63x 2.43x
PEG - 1.6x 0.6x -3.7x 7.13x 1.8x 1.6x 1.9x
Capitalization / Revenue 4.45x 2.47x 2.13x 2.32x 2.04x 1.76x 1.65x 1.55x
EV / Revenue 4.73x 2.79x 2.39x 2.59x 2.3x 1.97x 1.81x 1.66x
EV / EBITDA 43.5x 23.3x 18.8x 20.3x 17.8x 15.2x 13.7x 12.4x
EV / EBIT 58.7x 29.5x 23.8x 25.9x 22.8x 19.1x 17x 15.3x
EV / FCF -707x -454x 55.1x 35.1x - 26.1x 27.2x 23.4x
FCF Yield -0.14% -0.22% 1.81% 2.85% - 3.83% 3.68% 4.27%
Dividend per Share 2 1.1 1.25 1.3 1.4 1.5 1.668 1.831 1.96
Rate of return 0.56% 0.85% 0.96% 0.86% 1.01% 1.22% 1.34% 1.44%
EPS 2 2.56 3.28 4.88 4.39 4.59 5.266 6.026 6.661
Distribution rate 43% 38.1% 26.6% 31.9% 32.7% 31.7% 30.4% 29.4%
Net sales 1 16,904 22,638 32,150 35,662 37,067 39,435 42,154 44,628
EBITDA 1 1,835 2,717 4,090 4,560 4,774 5,122 5,576 6,002
EBIT 1 1,361 2,145 3,219 3,571 3,744 4,071 4,473 4,856
Net income 1 979 1,248 2,375 2,227 2,326 2,679 3,064 3,389
Net Debt 1 4,585 7,204 8,400 9,741 9,608 8,458 6,777 4,791
Reference price 2 197.90 147.10 134.90 163.10 149.10 136.20 136.20 136.20
Nbr of stocks (in thousands) 380,469 380,469 506,811 506,906 506,906 507,003 - -
Announcement Date 1/27/22 1/31/23 1/31/24 1/31/25 1/30/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
30.5x4.38x21.45x0.88% 101B
30.48x3.82x20.49x1.09% 88.67B
30.87x2.69x13.07x1.51% 52.07B
23.19x1.27x9.19x1.55% 41.35B
18.34x2.86x13.04x1.18% 15.03B
26.12x1.51x14.85x3.81% 12.26B
16.76x2.22x10.79x2.37% 8.25B
24.83x2.16x12.87x1.23% 8.18B
40.46x3.87x22.42x - 7.58B
Average 26.84x 2.75x 15.35x 1.7% 37.21B
Weighted average by Cap. 28.69x 3.29x 17.31x 1.29%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield