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 68,952 - -
Change - -25.67% 22.16% 20.93% -8.58% -8.77% - -
Enterprise Value (EV) 1 79,880 63,171 76,769 92,417 85,188 77,422 75,743 73,795
Change - -20.92% 21.53% 20.38% -7.82% -9.12% -2.17% -2.57%
P/E 77.3x 44.8x 27.6x 37.2x 32.5x 25.9x 22.9x 20.8x
PBR 14.1x 8.17x 3.2x 3.58x 3.47x 2.83x 2.61x 2.43x
PEG - 1.6x 0.6x -3.7x 7.13x 1.8x 1.7x 2.11x
Capitalization / Revenue 4.45x 2.47x 2.13x 2.32x 2.04x 1.75x 1.63x 1.54x
EV / Revenue 4.73x 2.79x 2.39x 2.59x 2.3x 1.97x 1.8x 1.65x
EV / EBITDA 43.5x 23.3x 18.8x 20.3x 17.8x 15.1x 13.6x 12.3x
EV / EBIT 58.7x 29.5x 23.8x 25.9x 22.8x 19x 16.9x 15.2x
EV / FCF -707x -454x 55.1x 35.1x - 26.1x 27x 22.6x
FCF Yield -0.14% -0.22% 1.81% 2.85% - 3.84% 3.7% 4.43%
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% 1.23% 1.35% 1.44%
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 2 197.90 147.10 134.90 163.10 149.10 136.00 136.00 136.00
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.($)
25.9x1.97x15.1x1.23% 7.17B
28.98x4.18x20.46x0.93% 96.59B
29.19x3.65x19.56x1.16% 84.35B
28.36x2.49x12.12x1.71% 47.46B
20.77x1.11x8.02x1.74% 36.44B
15.78x2.49x11.33x1.37% 12.93B
25.37x1.49x14.57x4.05% 11.96B
26.78x2.34x13.62x1.13% 9.01B
16.35x2.17x10.55x2.43% 8.05B
30.79x2.84x18.06x - 6.15B
Average 24.83x 2.47x 14.34x 1.75% 32.01B
Weighted average by Cap. 26.92x 3.09x 16.37x 1.39%

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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  3. BEIJ B Stock
  4. Valuation Beijer Ref AB