Beijer Ref AB (publ)

OM:BEIJ B Stock Report

Market Cap: SEK 66.5b

Beijer Ref Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BEIJ B (SEK131.1) is trading above our estimate of future cash flow value (SEK114.77)

Significantly Below Future Cash Flow Value: BEIJ B is trading above our estimate of future cash flow 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 Ratio28.6x
EarningsSEK 2.33b
Market CapSEK 66.46b

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 Average36.8x
ADDT B Addtech AB (publ.)
41.4x11.15%SEK 88.8b
OEM B OEM International
35.6x10.30%SEK 22.3b
BUFAB Bufab
36.2x14.65%SEK 23.5b
BERG B Bergman & Beving
34.2x14.66%SEK 7.8b
BEIJ B Beijer Ref
28.6x9.39%SEK 66.5b

Price-To-Earnings vs Peers: BEIJ B is good value based on its Price-To-Earnings Ratio (28.6x) compared to the peer average (36.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BEIJ B 28.6xIndustry Avg. 18.8xNo. of Companies10PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BEIJ B is expensive based on its Price-To-Earnings Ratio (28.6x) compared to the European Trade Distributors industry average (19x).

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 Ratio28.6x
Fair PE Ratio25.3x

Price-To-Earnings vs Fair Ratio: BEIJ B is expensive based on its Price-To-Earnings Ratio (28.6x) compared to the estimated Fair Price-To-Earnings Ratio (25.3x).

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 BEIJ B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 131.10
SEK 160.33
+22.30%
13.13%SEK 180.00SEK 110.00n/a9
Jun ’27SEK 125.60
SEK 161.78
+28.80%
14.05%SEK 193.00SEK 110.00n/a9
May ’27SEK 129.20
SEK 162.63
+25.87%
14.74%SEK 193.00SEK 110.00n/a8
Apr ’27SEK 131.65
SEK 173.17
+31.54%
8.74%SEK 197.00SEK 147.00n/a6
Mar ’27SEK 141.65
SEK 172.83
+22.01%
9.09%SEK 197.00SEK 145.00n/a6
Feb ’27SEK 126.85
SEK 180.33
+42.16%
9.90%SEK 200.00SEK 145.00n/a6
Jan ’27SEK 149.10
SEK 182.67
+22.51%
7.37%SEK 200.00SEK 159.00n/a6
Dec ’26SEK 148.80
SEK 183.67
+23.43%
7.15%SEK 200.00SEK 160.00n/a6
Nov ’26SEK 150.60
SEK 180.83
+20.08%
8.50%SEK 200.00SEK 158.00n/a6
Oct ’26SEK 147.00
SEK 180.83
+23.02%
8.50%SEK 200.00SEK 158.00n/a6
Sep ’26SEK 163.20
SEK 180.17
+10.40%
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 152.00SEK 125.608
May ’26SEK 147.20
SEK 179.50
+21.94%
9.91%SEK 205.00SEK 152.00SEK 129.208
Apr ’26SEK 144.30
SEK 191.13
+32.45%
5.55%SEK 205.00SEK 174.00SEK 131.658
Mar ’26SEK 160.50
SEK 191.13
+19.08%
5.55%SEK 205.00SEK 174.00SEK 141.658
Feb ’26SEK 165.00
SEK 191.13
+15.83%
5.55%SEK 205.00SEK 174.00SEK 126.858
Jan ’26SEK 163.10
SEK 190.13
+16.57%
6.45%SEK 205.00SEK 172.00SEK 149.108
Dec ’25SEK 172.00
SEK 193.14
+12.29%
6.36%SEK 210.00SEK 172.00SEK 148.807
Nov ’25SEK 164.45
SEK 193.14
+17.45%
6.36%SEK 210.00SEK 172.00SEK 150.607
Oct ’25SEK 159.20
SEK 193.57
+21.59%
5.97%SEK 210.00SEK 175.00SEK 147.007
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
SEK 160.33
Fair Value
18.2% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/20 16:55
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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 20 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.

AnalystInstitution
null nullABG Sundal Collier
Rajesh PatkiBarclays
Gerhard OrgonasBerenberg