Beijer Ref AB (publ)

LSE:0A0H Stock Report

Market Cap: SEK 83.2b

Beijer Ref Valuation

Is 0A0H undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0A0H when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0A0H (SEK163.9) is trading above our estimate of fair value (SEK122.13)

Significantly Below Fair Value: 0A0H is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0A0H?

Key metric: As 0A0H is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0A0H. This is calculated by dividing 0A0H's market cap by their current earnings.
What is 0A0H's PE Ratio?
PE Ratio32.8x
EarningsSEK 2.54b
Market CapSEK 83.16b

Price to Earnings Ratio vs Peers

How does 0A0H's PE Ratio compare to its peers?

The above table shows the PE ratio for 0A0H vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27x
DPLM Diploma
46x14.3%UK£5.9b
HWDN Howden Joinery Group
17.7x6.2%UK£4.5b
RS1 RS Group
20.2x18.4%UK£3.4b
BNZL Bunzl
24x7.0%UK£11.7b
0A0H Beijer Ref
32.8x11.4%SEK 83.2b

Price-To-Earnings vs Peers: 0A0H is expensive based on its Price-To-Earnings Ratio (32.8x) compared to the peer average (27x).

Price to Earnings Ratio vs Industry

How does 0A0H's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0A0H 32.8xIndustry Avg. 14.4xNo. of Companies11PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0A0H is expensive based on its Price-To-Earnings Ratio (32.8x) compared to the European Trade Distributors industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0A0H's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0A0H PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.8x
Fair PE Ratio22.3x

Price-To-Earnings vs Fair Ratio: 0A0H is expensive based on its Price-To-Earnings Ratio (32.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0A0H forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 163.90
SEK 193.14
+17.8%
6.4%SEK 210.00SEK 172.00n/a7
Nov ’25SEK 165.31
SEK 193.14
+16.8%
6.4%SEK 210.00SEK 172.00n/a7
Oct ’25SEK 163.84
SEK 193.57
+18.1%
6.0%SEK 210.00SEK 175.00n/a7
Sep ’25SEK 177.59
SEK 191.67
+7.9%
5.8%SEK 205.00SEK 175.00n/a6
Aug ’25SEK 166.97
SEK 190.00
+13.8%
6.0%SEK 205.00SEK 175.00n/a5
Jul ’25SEK 165.95
SEK 179.00
+7.9%
7.4%SEK 203.00SEK 166.00n/a6
Jun ’25SEK 170.15
SEK 171.83
+1.0%
11.8%SEK 203.00SEK 142.00n/a6
May ’25SEK 156.62
SEK 171.83
+9.7%
11.8%SEK 203.00SEK 142.00n/a6
Apr ’25SEK 159.00
SEK 162.60
+2.3%
13.0%SEK 199.00SEK 142.00n/a5
Mar ’25SEK 147.41
SEK 162.60
+10.3%
13.0%SEK 199.00SEK 142.00n/a5
Feb ’25SEK 137.80
SEK 158.20
+14.8%
16.8%SEK 199.00SEK 120.00n/a5
Jan ’25SEK 135.40
SEK 149.20
+10.2%
21.5%SEK 199.00SEK 112.00n/a5
Dec ’24SEK 117.05
SEK 149.20
+27.5%
21.5%SEK 199.00SEK 112.00n/a5
Nov ’24SEK 105.71
SEK 155.20
+46.8%
18.5%SEK 199.00SEK 112.00SEK 165.315
Oct ’24SEK 115.36
SEK 169.80
+47.2%
15.7%SEK 219.00SEK 145.00SEK 163.845
Sep ’24SEK 126.41
SEK 169.80
+34.3%
15.7%SEK 219.00SEK 145.00SEK 177.595
Aug ’24SEK 141.90
SEK 169.80
+19.7%
15.7%SEK 219.00SEK 145.00SEK 166.975
Jul ’24SEK 137.65
SEK 187.67
+36.3%
8.4%SEK 210.00SEK 175.00SEK 165.953
Jun ’24SEK 156.83
SEK 187.67
+19.7%
8.4%SEK 210.00SEK 175.00SEK 170.153
May ’24SEK 167.32
SEK 186.00
+11.2%
9.3%SEK 210.00SEK 170.00SEK 156.623
Apr ’24SEK 181.70
SEK 183.00
+0.7%
8.2%SEK 204.00SEK 170.00SEK 159.003
Mar ’24SEK 162.20
SEK 172.50
+6.4%
1.4%SEK 175.00SEK 170.00SEK 147.412
Feb ’24SEK 165.36
SEK 167.50
+1.3%
4.5%SEK 175.00SEK 160.00SEK 137.802
Dec ’23SEK 182.09
SEK 172.00
-5.5%
9.9%SEK 196.00SEK 160.00SEK 117.053
Nov ’23SEK 175.83
SEK 172.00
-2.2%
9.9%SEK 196.00SEK 160.00SEK 105.713

Analyst Forecast: Target price is less than 20% higher than the current share price.

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