Financials Beijer Ref AB

Equities

BEIJ B

SE0015949748

Electrical Components & Equipment

Market Closed - Nasdaq Stockholm 11:59:52 30/04/2024 BST 5-day change 1st Jan Change
158.4 SEK -0.72% Intraday chart for Beijer Ref AB +7.24% +17.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 34,772 47,628 75,295 55,967 68,369 80,304 - -
Enterprise Value (EV) 1 37,979 50,222 79,880 63,171 76,769 86,482 85,177 83,769
P/E ratio 40.5 x 66.4 x 77.3 x 44.8 x 27.6 x 34.4 x 28.8 x 26.1 x
Yield 1.27% 0.66% 0.56% 0.85% 0.96% 0.93% 1.03% 1.16%
Capitalization / Revenue 2.35 x 3.39 x 4.45 x 2.47 x 2.13 x 2.29 x 2.11 x 1.93 x
EV / Revenue 2.56 x 3.57 x 4.73 x 2.79 x 2.39 x 2.47 x 2.24 x 2.02 x
EV / EBITDA 22.9 x 34 x 43.5 x 23.3 x 18.8 x 19.3 x 17.3 x 15.3 x
EV / FCF 33.7 x 51.4 x -707 x -454 x 55.1 x 27.1 x 30.5 x 26.3 x
FCF Yield 2.96% 1.95% -0.14% -0.22% 1.81% 3.69% 3.28% 3.8%
Price to Book 7.85 x 10.8 x 14.1 x 8.17 x 3.2 x 3.47 x 3.2 x 2.94 x
Nbr of stocks (in thousands) 379,610 379,610 380,469 380,469 506,811 506,811 - -
Reference price 2 91.60 125.5 197.9 147.1 134.9 158.4 158.4 158.4
Announcement Date 30/01/20 28/01/21 27/01/22 31/01/23 31/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,817 14,062 16,904 22,638 32,150 35,078 38,093 41,539
EBITDA 1 1,655 1,477 1,835 2,717 4,090 4,491 4,930 5,466
EBIT 1 1,230 1,036 1,361 2,145 3,219 3,565 3,950 4,333
Operating Margin 8.3% 7.37% 8.05% 9.48% 10.01% 10.16% 10.37% 10.43%
Earnings before Tax (EBT) 1 1,174 977 1,292 1,721 2,583 3,047 3,547 3,925
Net income 1 864 722 979 1,248 2,375 2,303 2,691 2,993
Net margin 5.83% 5.13% 5.79% 5.51% 7.39% 6.57% 7.06% 7.21%
EPS 2 2.260 1.890 2.560 3.280 4.880 4.612 5.510 6.071
Free Cash Flow 1 1,125 977.9 -113 -139 1,393 3,191 2,795 3,179
FCF margin 7.59% 6.95% -0.67% -0.61% 4.33% 9.1% 7.34% 7.65%
FCF Conversion (EBITDA) 68% 66.21% - - 34.06% 71.06% 56.69% 58.16%
FCF Conversion (Net income) 130.25% 135.45% - - 58.65% 138.56% 103.87% 106.21%
Dividend per Share 2 1.167 0.8333 1.100 1.250 1.300 1.473 1.637 1.834
Announcement Date 30/01/20 28/01/21 27/01/22 31/01/23 31/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,271 4,903 5,938 5,979 5,818 7,378 8,654 8,491 7,627 9,627 9,564 8,736 8,642 10,318
EBITDA 1 449 526 739 747 704 863 1,188 1,138 901 1,338 1,312 1,056 1,020 1,431
EBIT 1 326 393 603 607 543 666 970 912 671 1,115 1,044 774 787 1,198
Operating Margin 7.63% 8.02% 10.15% 10.15% 9.33% 9.03% 11.21% 10.74% 8.8% 11.58% 10.92% 8.86% 9.11% 11.61%
Earnings before Tax (EBT) 1 303 367 549 567 238 459 877 753 494 974 903 655 684 1,094
Net income 1 250 270 409 425 145 351 705 560 759 739 685 497 519 831
Net margin 5.85% 5.51% 6.89% 7.11% 2.49% 4.76% 8.15% 6.6% 9.95% 7.68% 7.16% 5.69% 6.01% 8.05%
EPS 2 0.6500 0.7100 1.070 1.120 0.3800 0.8200 1.390 1.100 1.500 1.430 1.320 0.9600 1.000 1.600
Dividend per Share 2 1.100 - - - - - - - - 1.300 - - - 1.610
Announcement Date 27/01/22 21/04/22 15/07/22 20/10/22 31/01/23 25/04/23 20/07/23 24/10/23 31/01/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,207 2,594 4,585 7,204 8,400 6,178 4,873 3,465
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.938 x 1.756 x 2.499 x 2.651 x 2.054 x 1.376 x 0.9885 x 0.6338 x
Free Cash Flow 1 1,125 978 -113 -139 1,393 3,191 2,795 3,179
ROE (net income / shareholders' equity) 21.4% 16.5% 20.3% 20.4% 11.2% 10.7% 11.5% 11.9%
ROA (Net income/ Total Assets) 8.26% 3.93% 7.33% 7.69% 7% 5.85% 6.5% 6.53%
Assets 1 10,462 18,366 13,350 16,239 33,931 39,340 41,390 45,839
Book Value Per Share 2 11.70 11.70 14.00 18.00 42.10 45.60 49.50 53.80
Cash Flow per Share 2 - - - - 3.440 6.370 5.390 6.020
Capex 1 164 352 202 220 360 366 344 404
Capex / Sales 1.11% 2.51% 1.2% 0.97% 1.12% 1.04% 0.9% 0.97%
Announcement Date 30/01/20 28/01/21 27/01/22 31/01/23 31/01/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
158.4 SEK
Average target price
171.8 SEK
Spread / Average Target
+8.45%
Consensus
  1. Stock Market
  2. Equities
  3. BEIJ B Stock
  4. Financials Beijer Ref AB