BE Group AB (BEGR) AI Stock Analysis

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BE Group AB

(Nasdaq OMX AB:BEGR)

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Rating:46Neutral

Price Target:SEK 22.50▼(-2.17% Downside)

Action:reiterated

Date:10/23/26

The score is held down primarily by weak and inconsistent financial performance (TTM net loss and modest, volatile free cash flow) despite signs of stabilization in revenue and gross margin and a manageable leverage profile. Technicals are mixed with neutral momentum signals, while valuation is not supportive given the negative P/E and отсутствует dividend yield data.

Positive Factors

Revenue and gross-margin stabilizationThe return to modest revenue growth and improved gross margin indicates that the business has begun recovering from the prior downturn. If sustained, better pricing or operating efficiency can support a gradual earnings recovery and strengthen the company’s ability to serve industrial customers profitably.

Negative Factors

Persistent losses and earnings volatilityThe ongoing TTM net loss shows that improved revenue and gross margin have not yet translated into dependable profitability. The sharp swing from earlier profits to the 2025 loss also indicates substantial earnings volatility, making future returns and reinvestment capacity less predictable.

BE Group AB (BEGR) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 451.82M
Dividend Yield: ―
Average Volume (3M): 8,246
Price to Earnings (P/E): -24.7
Beta (1Y): 0.26
Revenue Growth: -1.61%
EPS Growth: 97.59%
Country: Sweden
Employees: 513
Sector: Basic Materials
Sector Strength: 61
Industry: Steel

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 compan...

BE Group AB Financial Statement Overview

Summary

Mixed recovery signals: TTM revenue is slightly up (+2.98%) and gross margin improved (~12.0% vs ~9.7%), and operating cash flow is positive. However, profitability remains weak (TTM net loss), results have been volatile after a severe 2025 downturn, and free cash flow is modest and fell sharply versus the prior period (-78.6%), limiting financial flexibility.

Income Statement

40Negative

Balance Sheet

58Neutral

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.98B	3.93B	4.67B	5.33B	6.88B	5.39B
Gross Profit	476.00M	383.00M	517.00M	544.00M	1.01B	1.10B
EBITDA	103.00M	-468.00M	93.00M	46.00M	534.00M	736.00M
Net Income	-18.00M	-538.00M	-42.00M	-60.00M	324.00M	495.00M
Balance Sheet
Total Assets	2.53B	2.19B	2.92B	3.02B	3.34B	3.10B
Cash, Cash Equivalents and Short-Term Investments	46.00M	61.00M	9.00M	74.00M	50.00M	54.00M
Total Debt	713.00M	687.00M	778.00M	813.00M	906.00M	776.00M
Total Liabilities	1.53B	1.22B	1.53B	1.60B	1.70B	1.69B
Stockholders Equity	997.00M	967.00M	1.39B	1.42B	1.64B	1.41B
Cash Flow
Free Cash Flow	6.00M	-20.00M	5.00M	346.00M	150.00M	6.00M
Operating Cash Flow	27.00M	2.00M	105.00M	491.00M	204.00M	32.00M
Investing Cash Flow	2.00M	-18.00M	-84.00M	-145.00M	-56.00M	-25.00M
Financing Cash Flow	-77.00M	65.00M	-86.00M	-322.00M	-155.00M	-121.00M

BE Group AB Technical Analysis

Technical Analysis SentimentNegative

Last Price23.00

Price Trends

50DMA27.33Negative

100DMA27.89Negative

200DMA26.66Negative

Market Momentum

MACD-1.06Positive

RSI33.24Neutral

STOCH1.33Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BEGR, the sentiment is Negative. The current price of 23.00 is below the 20-day moving average (MA) of 25.34, below the 50-day MA of 27.33, and below the 200-day MA of 26.66, indicating a bearish trend. The MACD of -1.06 indicates Positive momentum. The RSI at 33.24 is Neutral, neither overbought nor oversold. The STOCH value of 1.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BEGR.

BE Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SE:BEGR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:ARPL	72Outperform	SEK 818.22M	11.09	10.54%	4.15%	-13.36%	-31.32%
SE:ALLEI	62Neutral	SEK 23.07B	21.95	―	2.76%	-5.24%	5.48%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SE:SCA.A	60Neutral	SEK 87.15B	40.23	2.14%	2.43%	-3.07%	-38.98%
SE:SSAB.B	58Neutral	SEK 95.02B	16.34	8.05%	2.15%	2.90%	14.62%
SE:BEGR	46Neutral	SEK 451.82M	-24.73	-1.83%	―	-1.61%	97.59%
SE:NIO	38Underperform	SEK 168.43M	-11.55	-6.67%	―	―	16.50%

* Basic Materials Sector Average

Performance Comparison

SE:BEGR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:BEGR	BE Group AB	23.00	-3.25	-12.38%
SE:SSAB.B	SSAB Corporation	93.12	35.34	61.17%
SE:NIO	Nordic Iron Ore AB	2.86	-2.60	-47.62%
SE:SCA.A	Svenska Cellulosa Aktiebolaget Class A	123.50	2.91	2.41%
SE:ARPL	Arla Plast AB	38.60	-7.81	-16.82%
SE:ALLEI	Alleima AB	90.55	14.23	18.65%

BE Group AB Corporate Events

BE Group Returns to Profit as Nordic Steel Market Slowly Recovers

Oct 21, 2026

BE Group AB reported a 13 percent rise in third-quarter net sales to SEK 974 million, with underlying operating profit turning positive at SEK 4 million. For the first nine months, net sales grew modestly to SEK 3,052 million, but operating profit re...

BE Group Appoints Nomination Committee Ahead of 2027 AGM

Oct 14, 2026

BE Group AB has appointed the members of its Nomination Committee ahead of the 2027 Annual General Meeting, reflecting representation from its three largest shareholders alongside the chairman of the board. The committee includes Petter Stillstr&#246...

BE Group Consolidates Finnish Sheet Metal Operations to Boost Efficiency

Aug 24, 2026

BE Group is consolidating its sheet metal processing operations in Finland by relocating laser cutting, bending, CNC machining and heavy plate cutting to its Lapua facility. The move is designed to create a stronger center of expertise with broader c...

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.

Date of analysis: Oct 23, 2026

BE Group AB AI Stock Analysis