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BE Group AB
(BEGR)
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Rating:49Neutral
Price Target:
kr31.00
▲(12.73% Upside)
Action:Reiterated
Date:07/18/26
The score is held back primarily by weak financial performance—ongoing losses, declining equity, and uneven cash generation—despite some TTM revenue improvement. Technicals are a relative positive, with the stock trading above major moving averages and moderately supportive momentum. Valuation is constrained by a negative P/E, reflecting loss-making results and limiting confidence from earnings-based metrics.
Positive Factors
Moderate leverage / balance-sheet flexibility
Debt at roughly 0.6–0.7x equity provides durable financing flexibility for an inventory‑intensive distributor. Moderate leverage reduces immediate refinancing pressure, allowing the company to fund working capital and capex through cycles and support a multi‑quarter operational recovery without extreme strain.
Negative Factors
Sustained negative profitability and declining equity
Multi‑period losses have eroded equity and produced deeply negative returns, reducing capital buffers. Persistent unprofitability undermines the company's ability to self‑fund growth, forces reliance on external financing or dilution, and raises long‑term solvency and strategic flexibility concerns.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage / balance-sheet flexibility
Debt at roughly 0.6–0.7x equity provides durable financing flexibility for an inventory‑intensive distributor. Moderate leverage reduces immediate refinancing pressure, allowing the company to fund working capital and capex through cycles and support a multi‑quarter operational recovery without extreme strain.
Read all positive factors
BE Group AB (BEGR) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr578.40M
Dividend YieldN/A
Average Volume (3M)23.07K
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue Growth-8.92%
EPS Growth91.90%
CountrySE
Employees513
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-2.86
Shares Outstanding19,501,726
10 Day Avg. Volume19,471
30 Day Avg. Volume23,072
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.42
Price to Sales (P/S)0.10
P/FCF Ratio-20.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.8
Revenue Forecast (FY)kr5.86B
BE Group AB Business Overview & Revenue Model
Company Description
BE Group AB (publ) functions as a leading supplier and service provider specializing in a diverse range of metals, including steel, stainless steel, and aluminum. Its operations extend across Sweden, Poland, Finland, and the Baltic States. The com...
How the Company Makes Money
BE Group makes money primarily by purchasing steel and metal products from mills and other suppliers, holding inventory, and selling these products to customers at a margin through its distribution network. A core revenue stream is the sale of sta...
BE Group AB Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
54
Neutral
Cash Flow
43
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.86B | 3.93B | 4.67B | 5.33B | 6.88B | 5.39B |
| Gross Profit | 443.00M | 383.00M | 517.00M | 544.00M | 1.01B | 1.10B |
| EBITDA | 61.00M | -468.00M | 93.00M | 46.00M | 534.00M | 736.00M |
| Net Income | -47.00M | -538.00M | -42.00M | -60.00M | 324.00M | 495.00M |
Balance Sheet | ||||||
| Total Assets | 2.35B | 2.19B | 2.92B | 3.02B | 3.34B | 3.10B |
| Cash, Cash Equivalents and Short-Term Investments | 37.00M | 61.00M | 9.00M | 74.00M | 50.00M | 54.00M |
| Total Debt | 694.00M | 687.00M | 778.00M | 813.00M | 906.00M | 776.00M |
| Total Liabilities | 1.36B | 1.22B | 1.53B | 1.60B | 1.70B | 1.69B |
| Stockholders Equity | 991.00M | 967.00M | 1.39B | 1.42B | 1.64B | 1.41B |
Cash Flow | ||||||
| Free Cash Flow | 28.00M | -20.00M | 5.00M | 346.00M | 150.00M | 6.00M |
| Operating Cash Flow | 51.00M | 2.00M | 105.00M | 491.00M | 204.00M | 32.00M |
| Investing Cash Flow | -13.00M | -18.00M | -84.00M | -145.00M | -56.00M | -25.00M |
| Financing Cash Flow | 40.00M | 65.00M | -86.00M | -322.00M | -155.00M | -121.00M |
BE Group AB Technical Analysis
Neutral
27.50
Price Trends
28.04
Positive
26.94
Positive
26.49
Positive
Market Momentum
0.74
Positive
52.39
Neutral
15.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BEGR, the sentiment is Neutral. The current price of 27.5 is below the 20-day moving average (MA) of 29.93, below the 50-day MA of 28.04, and above the 200-day MA of 26.49, indicating a neutral trend. The MACD of 0.74 indicates Positive momentum. The RSI at 52.39 is Neutral, neither overbought nor oversold. The STOCH value of 15.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BEGR.
BE Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr806.68M | 9.73 | 14.99% | 3.17% | -11.41% | -9.21% | |
66 Neutral | kr104.91B | 18.61 | 8.10% | 3.80% | -1.26% | 24.28% | |
64 Neutral | kr28.98B | 31.87 | ― | 2.85% | -6.76% | -19.29% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | kr75.66B | 34.29 | 2.18% | 2.49% | -5.47% | -41.24% | |
52 Neutral | kr328.03M | -19.39 | -6.89% | ― | ― | 17.12% | |
49 Neutral | kr578.40M | -10.24 | -4.77% | ― | -8.92% | 91.90% |
* Basic Materials Sector Average
SE:BEGR
BE Group AB
29.30
0.80
2.81%
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50.11
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SE:NIO
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3.49%
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BE Group AB Corporate Events
BE Group Swings to Profit as Nordic Steel Market Starts to Recover
Jul 14, 2026
BE Group AB reported a modest 1 percent rise in second-quarter net sales to SEK 1,056 million, but a sharp turnaround in profitability, with operating result improving to SEK 20 million from a SEK 492 million loss a year earlier and underlying ope...
BE Group’s Management Fully Subscribes 250,000-Warrant Incentive Program
Jun 29, 2026
BE Group’s board has allocated all 250,000 warrants in its TO 2026/2029:1 incentive program to senior management, including the CEO, CFO, a subsidiary managing director and the head of strategy and business development. Each warrant allows s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.