Beijer Ref AB (publ), together with its subsidiaries, engages in the wholesale of refrigeration products for refrigeration installation contractors, and service and contracting companies.
Flawless balance sheet with questionable track record.
Share Price & News
How has Beijer Ref's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BRZ's share price has been volatile over the past 3 months.
7 Day Return
DE Trade Distributors
1 Year Return
DE Trade Distributors
Return vs Industry: BRZ exceeded the German Trade Distributors industry which returned 9.4% over the past year.
Return vs Market: BRZ exceeded the German Market which returned 0.1% over the past year.
Price Volatility Vs. Market
How volatile is Beijer Ref's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Beijer Ref undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BRZ (€25.74) is trading above our estimate of fair value (€15.43)
Significantly Below Fair Value: BRZ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BRZ is poor value based on its PE Ratio (42.6x) compared to the Trade Distributors industry average (15.4x).
PE vs Market: BRZ is poor value based on its PE Ratio (42.6x) compared to the German market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: BRZ is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: BRZ is overvalued based on its PB Ratio (7.8x) compared to the DE Trade Distributors industry average (1x).
How is Beijer Ref forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BRZ's forecast earnings growth (12.2% per year) is above the savings rate (0.2%).
Earnings vs Market: BRZ's earnings (12.2% per year) are forecast to grow slower than the German market (21.7% per year).
High Growth Earnings: BRZ's earnings are forecast to grow, but not significantly.
Revenue vs Market: BRZ's revenue (4.8% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: BRZ's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BRZ's Return on Equity is forecast to be low in 3 years time (17.8%).
How has Beijer Ref performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRZ has high quality earnings.
Growing Profit Margin: BRZ's current net profit margins (5.6%) are lower than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: BRZ's earnings have grown significantly by 22.5% per year over the past 5 years.
Accelerating Growth: BRZ's earnings growth over the past year (1%) is below its 5-year average (22.5% per year).
Earnings vs Industry: BRZ earnings growth over the past year (1%) underperformed the Trade Distributors industry 3.4%.
Return on Equity
High ROE: BRZ's Return on Equity (18.6%) is considered low.
How is Beijer Ref's financial position?
Financial Position Analysis
Short Term Liabilities: BRZ's short term assets (SEK7.7B) exceed its short term liabilities (SEK6.2B).
Long Term Liabilities: BRZ's short term assets (SEK7.7B) exceed its long term liabilities (SEK1.2B).
Debt to Equity History and Analysis
Debt Level: BRZ's debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: BRZ's debt to equity ratio has reduced from 52.2% to 3.9% over the past 5 years.
Debt Coverage: BRZ's debt is well covered by operating cash flow (684.7%).
Interest Coverage: BRZ's interest payments on its debt are well covered by EBIT (19.5x coverage).
What is Beijer Ref's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BRZ's dividend (0.63%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: BRZ's dividend (0.63%) is low compared to the top 25% of dividend payers in the German market (3.94%).
Stability and Growth of Payments
Stable Dividend: BRZ is not paying a notable dividend for the German market, therefore no need to check if payments are stable.
Growing Dividend: BRZ is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BRZ is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BRZ's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Per Bertland (62yo)
Mr. Per Bertland has been the Chief Executive Officer, President and Managing Director of Beijer Ref AB (publ) (formerly, G&L Beijer AB) since July 1, 2013. He also serves as Partner at Small Cap Partners. ...
|CEO, President & MD||6.92yrs||kr9.08m||1.29% SEK43.5m|
|CFO & Executive VP||2.67yrs||no data||0.0012% SEK40.2k|
|General Counsel & Executive VP||4.42yrs||no data||0.00075% SEK25.4k|
|COO & Executive VP of Toshiba HVAC||no data||no data||no data|
|COO & Executive VP of ARW - EMEA||no data||no data||0.037% SEK1.3m|
|COO & Executive VP of ARW APAC||no data||no data||0.0047% SEK160.3k|
|CSCO & Executive VP of Beijer Ref ARW Procurement||1.08yrs||no data||no data|
|Chief Financial Officer of Toshiba HVAC||no data||no data||no data|
Experienced Management: BRZ's management team is considered experienced (3.5 years average tenure).
|Independent Director||35.42yrs||kr2.73m||2.53% SEK85.6m|
|Independent Chairman||no data||no data||0.11% SEK3.7m|
|Independent Director||21.42yrs||no data||1.33% SEK44.9m|
|Independent Director||11.42yrs||no data||no data|
|Independent Director||5.42yrs||no data||0.0079% SEK268.2k|
|Independent Director||1.17yrs||no data||no data|
|Independent Director||5.42yrs||no data||no data|
Experienced Board: BRZ's board of directors are considered experienced (8.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BRZ insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Beijer Ref AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Beijer Ref AB (publ)
- Ticker: BRZ
- Exchange: DB
- Founded: 1866
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: kr35.329b
- Listing Market Cap: kr3.382b
- Shares outstanding: 126.54m
- Website: https://www.beijerref.com
Number of Employees
- Beijer Ref AB (publ)
- Stortorget 8
- Skåne County
- 211 34
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BEIJ B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Aug 1992|
|0A0H||LSE (London Stock Exchange)||Yes||Class B Shares||GB||SEK||Aug 1992|
|BEIJBs||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class B Shares||GB||SEK||Aug 1992|
|BRZ||DB (Deutsche Boerse AG)||Yes||Class B Shares||DE||EUR||Aug 1992|
Beijer Ref AB (publ), together with its subsidiaries, engages in the wholesale of refrigeration products for refrigeration installation contractors, and service and contracting companies. It markets and sells refrigeration systems, components for refrigeration systems, and air-conditioning and heat pumps. The company also manufactures and sells its refrigeration systems and heat pumps on an original equipment manufacturing basis. It operates in the Nordic countries, Central Europe, Southern Europe, Eastern Europe, Africa, and the Asia Pacific. The company was formerly known as G & L Beijer AB (publ) and changed its name to Beijer Ref AB (publ) in May 2014. Beijer Ref AB (publ) was founded in 1866 and is headquartered in Malmö, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/02 02:16|
|End of Day Share Price||2020/05/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.