Beijer Ref Future Growth
Future criteria checks 3/6
Beijer Ref is forecast to grow earnings and revenue by 8.9% and 5.1% per annum respectively. EPS is expected to grow by 8.9% per annum. Return on equity is forecast to be 12% in 3 years.
Key information
8.9%
Earnings growth rate
8.94%
EPS growth rate
| Trade Distributors earnings growth | 11.3% |
| Revenue growth rate | 5.1% |
| Future return on equity | 11.95% |
| Analyst coverage | Good |
| Last updated | 21 May 2026 |
Recent future growth updates
Analysis Article • Apr 26
Beijer Ref AB (publ) (STO:BEIJ B) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
It's been a sad week for Beijer Ref AB (publ) ( STO:BEIJ B ), who've watched their investment drop 10% to kr134 in the...Analysis Article • Feb 04
Analyst Estimates: Here's What Brokers Think Of Beijer Ref AB (publ) (STO:BEIJ B) After Its Yearly Report
Beijer Ref AB (publ) ( STO:BEIJ B ) shareholders are probably feeling a little disappointed, since its shares fell 4.4...Analysis Article • Oct 29
Beijer Ref AB (publ) (STO:BEIJ B) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Beijer Ref AB (publ) ( STO:BEIJ B ) came out with its quarterly results last week, and we wanted to see how the...Analysis Article • Jul 23
Earnings Update: Beijer Ref AB (publ) (STO:BEIJ B) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts
Beijer Ref AB (publ) ( STO:BEIJ B ) came out with its quarterly results last week, and we wanted to see how the...Recent updates
New Narrative • Apr 28
Green OEM Order Dependence And M&A Execution Will Weigh On Future Performance
Catalysts About Beijer Ref Beijer Ref distributes HVAC and refrigeration equipment and components, and operates a growing green OEM business focused on more sustainable cooling and heating solutions. What are the underlying business or industry changes driving this perspective?Analysis Article • Apr 26
Beijer Ref AB (publ) (STO:BEIJ B) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
It's been a sad week for Beijer Ref AB (publ) ( STO:BEIJ B ), who've watched their investment drop 10% to kr134 in the...
Narrative Update • Apr 23
BEIJ B: Higher 2025 Dividend And Stable Margins Will Support Upside Potential
Analysts now see Beijer Ref's fair value at about SEK 164, down from around SEK 173, reflecting slightly more cautious assumptions on growth, margins and future P/E following recent bearish initiation commentary. Analyst Commentary Recent research with a bearish tilt has pushed fair value estimates for Beijer Ref lower, with a particular focus on the assumptions behind growth, margins and the future P/E multiple.
New Narrative • Apr 14
Natural Refrigerant Demand And OEM Expansion Will Transform Long Term Earnings Power
Catalysts About Beijer Ref Beijer Ref distributes HVAC and refrigeration equipment and components and also sells OEM refrigeration systems with a growing focus on low climate impact solutions. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 09
BEIJ B: Proposed 2025 Dividend And Stronger Margins Will Support Upside Potential
Analysts now hold Beijer Ref's fair value estimate steady at SEK173.17 per share, with a slightly lower future P/E assumption of about 30.47x that balances modestly higher projected revenue growth and profit margins. What's in the News The board proposes a dividend of SEK 1.50 per share for 2025, corresponding to 31% of net profit attributable to the parent company's shareholders, excluding items affecting comparability (Key Developments).Analysis Article • Apr 09
Here's Why We Think Beijer Ref (STO:BEIJ B) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Mar 26
BEIJ B: Proposed 2025 Dividend Increase And Split Payouts Will Support Outlook
Analysts have nudged their fair value estimate for Beijer Ref slightly higher to about SEK 173.17 from roughly SEK 172.83, reflecting updated views on the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News The Board of Directors of Beijer Ref AB (publ) has proposed a dividend of SEK 1.50 per share for the year 2025, compared with SEK 1.40 previously.Narrative Update • Mar 05
BEIJ B: Higher 2025 Dividend And Split Payouts Will Support Outlook
Analysts have kept their SEK 172.83 price target for Beijer Ref unchanged, citing only minor tweaks to inputs such as a slightly lower discount rate and a marginally adjusted future P/E assumption, rather than any shift in their core view of the company. What's in the News The Board of Directors of Beijer Ref AB (publ) has proposed a dividend of SEK 1.50 per share for the year 2025, compared with SEK 1.40 previously, corresponding to 31% of net profit attributable to the parent company's shareholders, excluding items affecting comparability (Key Developments).Narrative Update • Feb 18
BEIJ B: Higher Dividend And Seasonally Timed Payouts Will Support Attractive Outlook
Analysts have nudged their fair value estimate for Beijer Ref slightly lower, from SEK 177.00 to about SEK 172.83, as updated assumptions now indicate more moderate revenue growth, slimmer profit margins, and a somewhat higher future P/E multiple. What's in the News The Board of Directors of Beijer Ref AB (publ) has proposed a dividend of SEK 1.50 per share for the year 2025, compared with SEK 1.40 previously.Analysis Article • Feb 15
Beijer Ref (STO:BEIJ B) Has Announced That It Will Be Increasing Its Dividend To SEK0.75
Beijer Ref AB (publ)'s ( STO:BEIJ B ) dividend will be increasing from last year's payment of the same period to...Analysis Article • Feb 04
Analyst Estimates: Here's What Brokers Think Of Beijer Ref AB (publ) (STO:BEIJ B) After Its Yearly Report
Beijer Ref AB (publ) ( STO:BEIJ B ) shareholders are probably feeling a little disappointed, since its shares fell 4.4...
New Narrative • Feb 03
The Green Consolidator
1. The Green Consolidator Beijer Ref’s story is built on three distinct pillars that justify its historical premium valuation: The Regulatory Tailwind (F-Gas Regulation): As Europe and North America tighten regulations on synthetic refrigerants, the entire industry must switch to natural or low-GWP (Global Warming Potential) alternatives.Narrative Update • Feb 03
BEIJ B: Higher Dividend Policy Will Support A More Attractive Share Outlook
Analysts have trimmed their fair value estimate for Beijer Ref from SEK 181 to SEK 177, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and a slightly lower future P/E multiple. What's in the News The Board of Directors of Beijer Ref AB (publ) has proposed a dividend of SEK 1.50 per share for the year 2025, compared with SEK 1.40 previously, corresponding to 31% of net profit attributable to the parent company's shareholders, excluding items affecting comparability (Key Developments).Analysis Article • Jan 28
Estimating The Fair Value Of Beijer Ref AB (publ) (STO:BEIJ B)
Key Insights Beijer Ref's estimated fair value is kr114 based on 2 Stage Free Cash Flow to Equity Beijer Ref's kr136...Analysis Article • Jan 14
Is Beijer Ref AB (publ) (STO:BEIJ B) Potentially Undervalued?
While Beijer Ref AB (publ) ( STO:BEIJ B ) might not have the largest market cap around , it received a lot of attention...Analysis Article • Dec 21
Beijer Ref (STO:BEIJ B) Has Some Way To Go To Become A Multi-Bagger
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Analysis Article • Nov 14
Unpleasant Surprises Could Be In Store For Beijer Ref AB (publ)'s (STO:BEIJ B) Shares
When close to half the companies in Sweden have price-to-earnings ratios (or "P/E's") below 22x, you may consider...Analysis Article • Oct 29
Beijer Ref AB (publ) (STO:BEIJ B) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Beijer Ref AB (publ) ( STO:BEIJ B ) came out with its quarterly results last week, and we wanted to see how the...Analysis Article • Oct 13
Beijer Ref (STO:BEIJ B) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Sep 29
Does This Valuation Of Beijer Ref AB (publ) (STO:BEIJ B) Imply Investors Are Overpaying?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Beijer Ref fair value estimate is kr115 Current share price of...Narrative Update • Sep 17
Sustainable Refrigerants Will Expand Global HVACR Markets
Beijer Ref’s consensus revenue growth forecast has edged down slightly, while net profit margin remained stable, resulting in a marginal increase in the analyst price target from SEK180.17 to SEK181.00. Valuation Changes Summary of Valuation Changes for Beijer Ref The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from SEK180.17 to SEK181.00.Analysis Article • Sep 17
Beijer Ref's (STO:BEIJ B) Dividend Will Be SEK0.70
Beijer Ref AB (publ)'s ( STO:BEIJ B ) investors are due to receive a payment of SEK0.70 per share on 30th of October...Analysis Article • Sep 03
Beijer Ref (STO:BEIJ B) Will Pay A Dividend Of SEK0.70
Beijer Ref AB (publ)'s ( STO:BEIJ B ) investors are due to receive a payment of SEK0.70 per share on 30th of October...Analysis Article • Aug 28
At kr162, Is Beijer Ref AB (publ) (STO:BEIJ B) Worth Looking At Closely?
Beijer Ref AB (publ) ( STO:BEIJ B ), might not be a large cap stock, but it saw a decent share price growth of 16% on...Analysis Article • Aug 01
Beijer Ref (STO:BEIJ B) Will Pay A Dividend Of SEK0.70
Beijer Ref AB (publ) ( STO:BEIJ B ) will pay a dividend of SEK0.70 on the 30th of October. Despite this raise, the...Analysis Article • Jul 23
Earnings Update: Beijer Ref AB (publ) (STO:BEIJ B) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts
Beijer Ref AB (publ) ( STO:BEIJ B ) came out with its quarterly results last week, and we wanted to see how the...Analysis Article • Jul 15
Unpleasant Surprises Could Be In Store For Beijer Ref AB (publ)'s (STO:BEIJ B) Shares
With a price-to-earnings (or "P/E") ratio of 34x Beijer Ref AB (publ) ( STO:BEIJ B ) may be sending bearish signals at...Analysis Article • Jun 20
Is Beijer Ref (STO:BEIJ B) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • May 26
Is It Time To Consider Buying Beijer Ref AB (publ) (STO:BEIJ B)?
Beijer Ref AB (publ) ( STO:BEIJ B ), is not the largest company out there, but it saw significant share price movement...
New Narrative • Nov 28
Tactical Acquisitions And Green Innovation Propel Growth Amid Market Challenges
Strategic acquisitions and regulatory changes in key markets foster revenue and margin growth, enhancing Beijer Ref's competitive positioning and profitability.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 43,617 | 3,293 | 3,109 | 4,202 | 8 |
| 12/31/2027 | 41,071 | 2,990 | 2,847 | 3,862 | 8 |
| 12/31/2026 | 38,682 | 2,664 | 3,051 | 4,065 | 8 |
| 3/31/2026 | 36,718 | 2,325 | 3,650 | 4,071 | N/A |
| 12/31/2025 | 37,067 | 2,326 | 3,788 | 4,209 | N/A |
| 9/30/2025 | 37,613 | 2,450 | 3,324 | 3,702 | N/A |
| 6/30/2025 | 37,381 | 2,375 | 2,806 | 3,251 | N/A |
| 3/31/2025 | 36,880 | 2,306 | 2,562 | 3,007 | N/A |
| 12/31/2024 | 35,662 | 2,227 | 2,635 | 3,080 | N/A |
| 9/30/2024 | 34,482 | 2,535 | 3,216 | 3,678 | N/A |
| 6/30/2024 | 33,479 | 2,438 | 3,227 | 3,587 | N/A |
| 3/31/2024 | 32,452 | 2,423 | 2,333 | 2,693 | N/A |
| 12/31/2023 | 32,150 | 2,375 | 1,393 | 1,753 | N/A |
| 9/30/2023 | 30,340 | 1,761 | 248 | 695 | N/A |
| 6/30/2023 | 27,828 | 1,625 | -419 | -199 | N/A |
| 3/31/2023 | 25,113 | 1,329 | -261 | -41 | N/A |
| 12/31/2022 | 22,638 | 1,248 | -139 | 81 | N/A |
| 9/30/2022 | 21,092 | 1,353 | -1,050 | -848 | N/A |
| 6/30/2022 | 19,454 | 1,176 | -945 | -743 | N/A |
| 3/31/2022 | 18,077 | 1,069 | -732 | -530 | N/A |
| 12/31/2021 | 16,905 | 979 | -113 | 89 | N/A |
| 9/30/2021 | 16,041 | 908 | 587 | 772 | N/A |
| 6/30/2021 | 15,538 | 905 | 804 | 989 | N/A |
| 3/31/2021 | 14,315 | 769 | 1,284 | 1,469 | N/A |
| 12/31/2020 | 14,062 | 722 | 1,145 | 1,330 | N/A |
| 9/30/2020 | 14,088 | 723 | 1,296 | 1,460 | N/A |
| 6/30/2020 | 14,203 | 733 | 1,424 | 1,588 | N/A |
| 3/31/2020 | 14,861 | 829 | 1,052 | 1,216 | N/A |
| 12/31/2019 | 14,817 | 864 | N/A | 1,255 | N/A |
| 9/30/2019 | 14,676 | 845 | N/A | 1,221 | N/A |
| 6/30/2019 | 14,330 | 830 | N/A | 828 | N/A |
| 3/31/2019 | 13,844 | 820 | N/A | 885 | N/A |
| 12/31/2018 | 13,015 | 769 | N/A | 690 | N/A |
| 9/30/2018 | 12,123 | 752 | N/A | 380 | N/A |
| 6/30/2018 | 11,071 | 660 | N/A | 494 | N/A |
| 3/31/2018 | 10,217 | 559 | N/A | 360 | N/A |
| 12/31/2017 | 9,830 | 511 | N/A | 502 | N/A |
| 9/30/2017 | 9,629 | 464 | N/A | 402 | N/A |
| 6/30/2017 | 9,535 | 432 | N/A | 236 | N/A |
| 3/31/2017 | 9,296 | 401 | N/A | 256 | N/A |
| 12/31/2016 | 9,045 | 389 | N/A | 65 | N/A |
| 9/30/2016 | 8,872 | 374 | N/A | 243 | N/A |
| 6/30/2016 | 8,746 | 379 | N/A | 341 | N/A |
| 3/31/2016 | 8,482 | 364 | N/A | 478 | N/A |
| 12/31/2015 | 8,361 | 366 | N/A | 495 | N/A |
| 9/30/2015 | 8,124 | 365 | N/A | 500 | N/A |
| 6/30/2015 | 7,736 | 351 | N/A | 393 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEIJ B's forecast earnings growth (8.9% per year) is above the savings rate (2%).
Earnings vs Market: BEIJ B's earnings (8.9% per year) are forecast to grow faster than the Swedish market (8.5% per year).
High Growth Earnings: BEIJ B's earnings are forecast to grow, but not significantly.
Revenue vs Market: BEIJ B's revenue (5.1% per year) is forecast to grow faster than the Swedish market (0.02% per year).
High Growth Revenue: BEIJ B's revenue (5.1% 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 low in 3 years time (12%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 16:59 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Beijer Ref AB (publ) is covered by 21 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Rajesh Patki | Barclays |
| Gerhard Orgonas | Berenberg |