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 70,156 - -
Change - -25.67% 22.16% 20.93% -8.58% -7.18% - -
Enterprise Value (EV) 1 79,880 63,171 76,769 92,417 85,188 78,044 76,339 74,352
Change - -20.92% 21.53% 20.38% -7.82% -8.39% -2.18% -2.6%
P/E 77.3x 44.8x 27.6x 37.2x 32.5x 26.1x 23x 20.6x
PBR 14.1x 8.17x 3.2x 3.58x 3.47x 2.92x 2.68x 2.48x
PEG - 1.6x 0.6x -3.7x 7.13x 1.7x 1.7x 1.8x
Capitalization / Revenue 4.45x 2.47x 2.13x 2.32x 2.04x 1.79x 1.68x 1.59x
EV / Revenue 4.73x 2.79x 2.39x 2.59x 2.3x 2x 1.83x 1.68x
EV / EBITDA 43.5x 23.3x 18.8x 20.3x 17.8x 15.3x 13.8x 12.5x
EV / EBIT 58.7x 29.5x 23.8x 25.9x 22.8x 19.3x 17.2x 15.4x
EV / FCF -707x -454x 55.1x 35.1x - 26.4x 26.9x 23.6x
FCF Yield -0.14% -0.22% 1.81% 2.85% - 3.79% 3.72% 4.24%
Dividend per Share 2 1.1 1.25 1.3 1.4 1.5 1.668 1.826 1.959
Rate of return 0.56% 0.85% 0.96% 0.86% 1.01% 1.2% 1.32% 1.42%
EPS 2 2.56 3.28 4.88 4.39 4.59 5.295 6.02 6.703
Distribution rate 43% 38.1% 26.6% 31.9% 32.7% 31.5% 30.3% 29.2%
Net sales 1 16,904 22,638 32,150 35,662 37,067 39,108 41,728 44,192
EBITDA 1 1,835 2,717 4,090 4,560 4,774 5,105 5,525 5,948
EBIT 1 1,361 2,145 3,219 3,571 3,744 4,051 4,439 4,820
Net income 1 979 1,248 2,375 2,227 2,326 2,683 3,054 3,380
Net Debt 1 4,585 7,204 8,400 9,741 9,608 7,888 6,183 4,196
Reference price 2 197.90 147.10 134.90 163.10 149.10 138.40 138.40 138.40
Nbr of stocks (in thousands) 380,469 380,469 506,811 506,906 506,906 506,906 - -
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.($)
32.25x4.63x22.54x0.85% 106B
30.31x3.79x20.59x1.12% 87.13B
31.66x3.04x14.55x1.37% 57.59B
25.02x1.37x9.89x1.43% 43.27B
22.46x3.57x16.02x0.95% 19.21B
30.33x1.86x17.45x3.16% 14.79B
49.49x4.73x27.4x0.35% 9.35B
16.17x2.2x10.64x2.39% 8.33B
64.16x - - 0.37% 7.83B
Average 33.54x 3.15x 17.38x 1.33% 39.28B
Weighted average by Cap. 30.96x 3.51x 18.40x 1.19%

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