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 71,944 - -
Change - -25.67% 22.16% 20.93% -8.58% -4.81% - -
Enterprise Value (EV) 1 79,880 63,171 76,769 92,417 85,188 79,750 78,712 76,723
Change - -20.92% 21.53% 20.38% -7.82% -6.38% -1.3% -2.53%
P/E 77.3x 44.8x 27.6x 37.2x 32.5x 26.9x 23.5x 21.1x
PBR 14.1x 8.17x 3.2x 3.58x 3.47x 2.97x 2.74x 2.54x
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 1.82x 1.71x 1.62x
EV / Revenue 4.73x 2.79x 2.39x 2.59x 2.3x 2.02x 1.87x 1.72x
EV / EBITDA 43.5x 23.3x 18.8x 20.3x 17.8x 15.6x 14.1x 12.8x
EV / EBIT 58.7x 29.5x 23.8x 25.9x 22.8x 19.7x 17.6x 15.8x
EV / FCF -707x -454x 55.1x 35.1x - 26.4x 28x 24.3x
FCF Yield -0.14% -0.22% 1.81% 2.85% - 3.78% 3.58% 4.11%
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% 1.18% 1.29% 1.38%
EPS 2 2.56 3.28 4.88 4.39 4.59 5.28 6.047 6.722
Distribution rate 43% 38.1% 26.6% 31.9% 32.7% 31.6% 30.3% 29.2%
Net sales 1 16,904 22,638 32,150 35,662 37,067 39,423 42,048 44,515
EBITDA 1 1,835 2,717 4,090 4,560 4,774 5,114 5,565 5,990
EBIT 1 1,361 2,145 3,219 3,571 3,744 4,039 4,466 4,848
Net income 1 979 1,248 2,375 2,227 2,326 2,682 3,071 3,394
Net Debt 1 4,585 7,204 8,400 9,741 9,608 7,806 6,768 4,779
Reference price 2 197.90 147.10 134.90 163.10 149.10 141.90 141.90 141.90
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.($)
27.47x2.06x15.9x1.16% 7.43B
31.6x4.54x22.11x0.87% 103B
30.04x3.73x20.29x1.15% 85.03B
32.49x3.01x14.43x1.39% 55.63B
24.38x1.33x9.65x1.47% 41.95B
22.13x3.52x15.8x0.96% 18.57B
29.38x1.81x16.97x3.26% 14.36B
48.3x4.62x26.77x0.36% 8.51B
15.79x2.15x10.4x2.45% 8.12B
23.4x2.06x12.25x1.31% 7.68B
Average 28.50x 2.88x 16.46x 1.44% 35.08B
Weighted average by Cap. 29.68x 3.39x 17.91x 1.23%

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

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