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 68,395 - -
Change - -25.67% 22.16% 20.93% -8.58% -9.51% - -
Enterprise Value (EV) 1 79,880 63,171 76,769 92,417 85,188 76,864 75,185 73,237
Change - -20.92% 21.53% 20.38% -7.82% -9.77% -2.18% -2.59%
P/E 77.3x 44.8x 27.6x 37.2x 32.5x 25.7x 22.7x 20.6x
PBR 14.1x 8.17x 3.2x 3.58x 3.47x 2.81x 2.59x 2.42x
PEG - 1.6x 0.6x -3.7x 7.13x 1.8x 1.7x 2.09x
Capitalization / Revenue 4.45x 2.47x 2.13x 2.32x 2.04x 1.74x 1.62x 1.53x
EV / Revenue 4.73x 2.79x 2.39x 2.59x 2.3x 1.95x 1.78x 1.64x
EV / EBITDA 43.5x 23.3x 18.8x 20.3x 17.8x 15x 13.5x 12.2x
EV / EBIT 58.7x 29.5x 23.8x 25.9x 22.8x 18.9x 16.8x 15.1x
EV / FCF -707x -454x 55.1x 35.1x - 25.9x 26.8x 22.4x
FCF Yield -0.14% -0.22% 1.81% 2.85% - 3.87% 3.73% 4.46%
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% 1.24% 1.36% 1.45%
EPS 2 2.56 3.28 4.88 4.39 4.59 5.25 5.948 6.535
Distribution rate 43% 38.1% 26.6% 31.9% 32.7% 31.8% 30.8% 30%
Net sales 1 16,904 22,638 32,150 35,662 37,067 39,358 42,176 44,649
EBITDA 1 1,835 2,717 4,090 4,560 4,774 5,128 5,575 6,001
EBIT 1 1,361 2,145 3,219 3,571 3,744 4,066 4,476 4,859
Net income 1 979 1,248 2,375 2,227 2,326 2,670 3,024 3,365
Net Debt 1 4,585 7,204 8,400 9,741 9,608 8,470 6,791 4,842
Reference price 2 197.90 147.10 134.90 163.10 149.10 134.90 134.90 134.90
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.11x4.33x21.18x0.9% 100B
29.73x3.71x19.89x1.14% 85.91B
28.82x2.53x12.28x1.65% 48.24B
20.91x1.12x8.1x1.72% 36.4B
16.41x2.57x11.73x1.32% 13.45B
24.8x1.45x14.13x4.14% 11.69B
26.5x2.32x13.49x1.14% 9.05B
17.15x2.27x11.04x2.32% 8.45B
25.14x1.92x14.7x1.26% 7.07B
Average 24.40x 2.47x 14.06x 1.73% 35.6B
Weighted average by Cap. 27.45x 3.18x 16.73x 1.36%

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