Beijer Ref AB (publ)

OM:BEIJ B Stock Report

Market Cap: SEK 82.7b

Beijer Ref Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 BEIJ B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 117.73
Fair Value
34.5% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: BEIJ B (SEK158.4) is trading above our estimate of fair value (SEK117.73)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BEIJ B?

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

The above table shows the Price to Earnings ratio for BEIJ B. This is calculated by dividing BEIJ B's market cap by their current earnings.
What is BEIJ B's PE Ratio?
PE Ratio33.8x
EarningsSEK 2.38b
Market CapSEK 82.73b

Price to Earnings Ratio vs Peers

How does BEIJ B's PE Ratio compare to its peers?

The above table shows the PE ratio for BEIJ B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.4x
ADDT B Addtech AB (publ.)
44x11.31%SEK 88.6b
OEM B OEM International
29.2xn/aSEK 18.0b
BUFAB Bufab
29.3x15.29%SEK 17.6b
MMGR B Momentum Group
43.1x15.92%SEK 7.7b
BEIJ B Beijer Ref
33.8x12.94%SEK 82.7b

Price-To-Earnings vs Peers: BEIJ B is good value based on its Price-To-Earnings Ratio (33.8x) compared to the peer average (36.4x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BEIJ B 33.8xIndustry Avg. 16.5xNo. of Companies8PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BEIJ B is expensive based on its Price-To-Earnings Ratio (33.8x) compared to the European Trade Distributors industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is BEIJ B'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.

BEIJ B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.8x
Fair PE Ratio25.8x

Price-To-Earnings vs Fair Ratio: BEIJ B is expensive based on its Price-To-Earnings Ratio (33.8x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).

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 BEIJ B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 158.40
SEK 180.17
+13.74%
8.49%SEK 200.00SEK 159.00n/a6
Aug ’26SEK 162.50
SEK 180.17
+10.87%
8.49%SEK 200.00SEK 159.00n/a6
Jul ’26SEK 150.85
SEK 175.14
+16.10%
9.33%SEK 200.00SEK 152.00n/a7
Jun ’26SEK 141.50
SEK 178.88
+26.41%
10.17%SEK 205.00SEK 152.00n/a8
May ’26SEK 147.20
SEK 179.50
+21.94%
9.91%SEK 205.00SEK 152.00n/a8
Apr ’26SEK 144.30
SEK 191.13
+32.45%
5.55%SEK 205.00SEK 174.00n/a8
Mar ’26SEK 160.50
SEK 191.13
+19.08%
5.55%SEK 205.00SEK 174.00n/a8
Feb ’26SEK 165.00
SEK 191.13
+15.83%
5.55%SEK 205.00SEK 174.00n/a8
Jan ’26SEK 163.10
SEK 190.13
+16.57%
6.45%SEK 205.00SEK 172.00n/a8
Dec ’25SEK 172.00
SEK 193.14
+12.29%
6.36%SEK 210.00SEK 172.00n/a7
Nov ’25SEK 164.45
SEK 193.14
+17.45%
6.36%SEK 210.00SEK 172.00n/a7
Oct ’25SEK 159.20
SEK 193.57
+21.59%
5.97%SEK 210.00SEK 175.00n/a7
Sep ’25SEK 176.70
SEK 191.67
+8.47%
5.77%SEK 205.00SEK 175.00SEK 163.206
Aug ’25SEK 165.60
SEK 190.00
+14.73%
6.00%SEK 205.00SEK 175.00SEK 162.505
Jul ’25SEK 166.55
SEK 179.00
+7.48%
7.37%SEK 203.00SEK 166.00SEK 150.856
Jun ’25SEK 170.15
SEK 171.83
+0.99%
11.76%SEK 203.00SEK 142.00SEK 141.506
May ’25SEK 158.45
SEK 171.83
+8.45%
11.76%SEK 203.00SEK 142.00SEK 147.206
Apr ’25SEK 159.00
SEK 162.60
+2.26%
13.00%SEK 199.00SEK 142.00SEK 144.305
Mar ’25SEK 147.40
SEK 162.60
+10.31%
13.00%SEK 199.00SEK 142.00SEK 160.505
Feb ’25SEK 137.90
SEK 158.20
+14.72%
16.79%SEK 199.00SEK 120.00SEK 165.005
Jan ’25SEK 134.90
SEK 149.20
+10.60%
21.55%SEK 199.00SEK 112.00SEK 163.105
Dec ’24SEK 116.80
SEK 149.20
+27.74%
21.55%SEK 199.00SEK 112.00SEK 172.005
Nov ’24SEK 103.50
SEK 155.20
+49.95%
18.53%SEK 199.00SEK 112.00SEK 164.455
Oct ’24SEK 115.50
SEK 169.80
+47.01%
15.69%SEK 219.00SEK 145.00SEK 159.205
Sep ’24SEK 126.00
SEK 169.80
+34.76%
15.69%SEK 219.00SEK 145.00SEK 176.705
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
SEK 180.17
Fair Value
12.1% undervalued intrinsic discount
6
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/02 17:31
End of Day Share Price 2025/09/02 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 18 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Simon JonssonBerenberg
Gerhard OrgonasBerenberg