company background image
BEIJ

Beijer RefOM:BEIJ B Stock Report

Market Cap

kr68.4b

7D

-5.6%

1Y

88.7%

Updated

25 Nov, 2021

Data

Company Financials +
BEIJ B fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance4/6
Financial Health3/6
Dividends0/6

BEIJ B Stock Overview

Beijer Ref AB (publ), together with its subsidiaries, engages in the wholesale of refrigeration products for refrigeration installation contractors, and service and contracting companies.

Beijer Ref Competitors

Samsung Electronics

KOSE:A005930

₩495.8t

Daikin IndustriesLtd

TSE:6367

JP¥7.2t

Ferguson

LSE:FERG

UK£26.1b

Fujitsu

TSE:6702

JP¥3.9t

Price History & Performance

Summary of all time highs, changes and price drops for Beijer Ref
Historical stock prices
Current Share Pricekr179.90
52 Week Highkr204.40
52 Week Lowkr94.47
Beta1.71
1 Month Change1.12%
3 Month Change-9.83%
1 Year Change88.71%
3 Year Change260.47%
5 Year Change639.32%
Change since IPO22,624.26%

Recent News & Updates

Nov 25
We Think Beijer Ref (STO:BEIJ B) Can Manage Its Debt With Ease

We Think Beijer Ref (STO:BEIJ B) Can Manage Its Debt With Ease

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Nov 14
Return Trends At Beijer Ref (STO:BEIJ B) Aren't Appealing

Return Trends At Beijer Ref (STO:BEIJ B) Aren't Appealing

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...

Oct 27
If You Like EPS Growth Then Check Out Beijer Ref (STO:BEIJ B) Before It's Too Late

If You Like EPS Growth Then Check Out Beijer Ref (STO:BEIJ B) Before It's Too Late

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

BEIJ BSE Trade DistributorsSE Market
7D-5.6%-2.8%-1.4%
1Y88.7%99.5%33.1%

Return vs Industry: BEIJ B underperformed the Swedish Trade Distributors industry which returned 94.5% over the past year.

Return vs Market: BEIJ B exceeded the Swedish Market which returned 32.9% over the past year.

Price Volatility

Is BEIJ B's price volatile compared to industry and market?
BEIJ B volatility
BEIJ B Average Weekly Movement5.2%
Trade Distributors Industry Average Movement5.8%
Market Average Movement6.4%
10% most volatile stocks in SE Market12.0%
10% least volatile stocks in SE Market3.8%

Stable Share Price: BEIJ B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BEIJ B's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18664,142Christopher Norbyehttps://www.beijerref.com

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 offers refrigeration and air conditioning units, heat pumps, and components, as well as spare parts. The company also focuses on the development and manufacture of refrigeration systems and heat pumps on an original equipment manufacturing basis.

Beijer Ref Fundamentals Summary

How do Beijer Ref's earnings and revenue compare to its market cap?
BEIJ B fundamental statistics
Market Capkr68.45b
Earnings (TTM)kr908.32m
Revenue (TTM)kr16.04b

75.4x

P/E Ratio

4.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BEIJ B income statement (TTM)
Revenuekr16.04b
Cost of Revenuekr11.53b
Gross Profitkr4.52b
Expenseskr3.61b
Earningskr908.32m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 27, 2022

Earnings per share (EPS)2.39
Gross Margin28.15%
Net Profit Margin5.66%
Debt/Equity Ratio91.7%

How did BEIJ B perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Beijer Ref undervalued compared to its fair value and its price relative to the market?

75.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BEIJ B (SEK179.9) is trading above our estimate of fair value (SEK87.63)

Significantly Below Fair Value: BEIJ B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BEIJ B is poor value based on its PE Ratio (75.4x) compared to the Swedish Trade Distributors industry average (24.8x).

PE vs Market: BEIJ B is poor value based on its PE Ratio (75.4x) compared to the Swedish market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: BEIJ B is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: BEIJ B is overvalued based on its PB Ratio (13.8x) compared to the SE Trade Distributors industry average (4.6x).


Future Growth

How is Beijer Ref forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

19.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEIJ B's forecast earnings growth (19.8% per year) is above the savings rate (0.3%).

Earnings vs Market: BEIJ B's earnings (19.8% per year) are forecast to grow faster than the Swedish market (4% per year).

High Growth Earnings: BEIJ B's earnings are forecast to grow, but not significantly.

Revenue vs Market: BEIJ B's revenue (8.1% per year) is forecast to grow faster than the Swedish market (5.3% per year).

High Growth Revenue: BEIJ B's revenue (8.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BEIJ B's Return on Equity is forecast to be high in 3 years time (22.2%)


Past Performance

How has Beijer Ref performed over the past 5 years?

15.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BEIJ B has high quality earnings.

Growing Profit Margin: BEIJ B's current net profit margins (5.7%) are higher than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: BEIJ B's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: BEIJ B's earnings growth over the past year (25.7%) exceeds its 5-year average (15% per year).

Earnings vs Industry: BEIJ B earnings growth over the past year (25.7%) underperformed the Trade Distributors industry 25.9%.


Return on Equity

High ROE: BEIJ B's Return on Equity (18.7%) is considered low.


Financial Health

How is Beijer Ref's financial position?


Financial Position Analysis

Short Term Liabilities: BEIJ B's short term assets (SEK9.1B) exceed its short term liabilities (SEK4.2B).

Long Term Liabilities: BEIJ B's short term assets (SEK9.1B) exceed its long term liabilities (SEK4.7B).


Debt to Equity History and Analysis

Debt Level: BEIJ B's net debt to equity ratio (70%) is considered high.

Reducing Debt: BEIJ B's debt to equity ratio has increased from 63.9% to 91.7% over the past 5 years.

Debt Coverage: BEIJ B's debt is not well covered by operating cash flow (17%).

Interest Coverage: BEIJ B's interest payments on its debt are well covered by EBIT (20x coverage).


Balance Sheet


Dividend

What is Beijer Ref current dividend yield, its reliability and sustainability?

0.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BEIJ B's dividend (0.22%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (0.91%).

High Dividend: BEIJ B's dividend (0.22%) is low compared to the top 25% of dividend payers in the Swedish market (3.61%).


Stability and Growth of Payments

Stable Dividend: BEIJ B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.

Growing Dividend: BEIJ B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: BEIJ B is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BEIJ B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Christopher Norbye (48 yo)

0.50

Tenure

Mr. Christopher Norbye serves as Director at agta record ag since 2020. He is Chief Executive Officer & President at Beijer Ref AB (publ) since May 2021. He served as Executive Vice President and Head of E...


Leadership Team

Experienced Management: BEIJ B's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: BEIJ B's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BEIJ B insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Beijer Ref AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Beijer Ref AB (publ)
  • Ticker: BEIJ B
  • Exchange: OM
  • Founded: 1866
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: kr68.446b
  • Shares outstanding: 380.47m
  • Website: https://www.beijerref.com

Number of Employees


Location

  • Beijer Ref AB (publ)
  • Stortorget 8
  • Malmö
  • Skåne County
  • 211 34
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/25 21:47
End of Day Share Price2021/11/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.