Beijer Ref BEIJ-B.ST
Beijer Ref AB is a leading European distributor of refrigeration and air conditioning equipment and components, operating through a network of local subsidiaries in more than 30 countries. Beijer Ref shows solid financial health (ND/EBITDA 2.96) and stable margins (11.06%), but its demanding valuation (P/E 31.84) and moderate growth (revenue +5.9%) limit the appeal at these prices.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Beijer Ref AB is a leading European distributor of refrigeration and air conditioning equipment and components, operating through a network of local subsidiaries in more than 30 countries. Beijer Ref shows solid financial health (ND/EBITDA 2.96) and stable margins (11.06%), but its demanding valuation (P/E 31.84) and moderate growth (revenue +5.9%) limit the appeal at these prices.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.9 |
| Quality / Moat | 5.1 |
| Valuation | 3.6 |
| Growth | 5.6 |
| Dividend | 5.3 |
| Momentum | 3.3 |
| Risk & Context | 6.3 |
OVERALL SCORE: 5.0/10
Context and risks
Moderate governance risk in Sweden. The refrigeration distribution business has no direct exposure to current macro factors (oil, rates, tariffs) beyond the currency effect mentioned in its results.
News considered in the analysis
- Beijer Ref AB (FRA:BRZ0) Q1 2026 Earnings Call Highlights: Navigating Growth Amidst Currency ... — Resultados del primer trimestre con crecimiento, pero lastrados por el efecto divisa; refuerza la narrativa de crecimiento orgánico moderado.
- A Look At Beijer Ref (OM:BEIJ B) Valuation After Full-Year Growth And Higher Dividend Proposal — Propuesta de dividendo al alza y crecimiento anual; señal positiva de confianza de la dirección, aunque la valoración sigue exigente.
- Beijer Ref AB (FRA:BRZ0) Q4 2025 Earnings Call Highlights: Record Margins and Strategic ... — Márgenes récord en el cuarto trimestre; confirma la solidez operativa del negocio de distribución.
- Beijer Ref AB (STU:BRZ0) Q3 2025 Earnings Call Highlights: Strong Profitability Amid Currency ... — Fuerte rentabilidad en el tercer trimestre a pesar de la presión cambiaria; consistencia en la ejecución.
Verdict: Hold; the quality of the distribution business is good, but the valuation does not offer a sufficient margin of safety.
Main risk: The demanding valuation (P/E 31.84, EV/EBITDA 22.16) leaves little room for any slowdown in growth or margin pressure.
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