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Bergman & Beving AB Class B
(BERG.B)
Select Model
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Rating:58Neutral
Price Target:
kr271.00
▼(-0.55% Downside)
Action:Reiterated
Date:10/24/26
The score is primarily supported by improving profitability and strong, consistent free cash flow, but is held back by rising leverage and thin net margins. Technically, the stock is below key longer-term moving averages with only neutral momentum, and valuation is a notable headwind given the high P/E and modest yield.
Positive Factors
Profitability recovery
The return to positive earnings and materially higher EBIT margins indicates a meaningful operating recovery rather than continued loss-making performance. If maintained, improved profitability can strengthen internal funding, support reinvestment across subsidiaries, and increase resilience over the next several quarters.
Negative Factors
Stagnant revenue
Near-flat revenue indicates that the recent earnings improvement has not yet been accompanied by meaningful top-line expansion. Without stronger organic growth or successful acquisitions, future profit gains may depend mainly on efficiency improvements, leaving the business more exposed to demand softness.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The return to positive earnings and materially higher EBIT margins indicates a meaningful operating recovery rather than continued loss-making performance. If maintained, improved profitability can strengthen internal funding, support reinvestment across subsidiaries, and increase resilience over the next several quarters.
Read all positive factors
Bergman & Beving AB Class B (BERG.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr6.87B
Dividend Yield1.62%
Average Volume (3M)35.52K
Price to Earnings (P/E)25.8
Beta (1Y)0.84
Revenue Growth1.00%
EPS GrowthN/A
CountrySE
Employees1,364
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)9.93
Shares Outstanding26,375,760
10 Day Avg. Volume36,185
30 Day Avg. Volume35,525
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)3.71
Price to Sales (P/S)1.42
P/FCF Ratio16.90
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)10.39
Revenue Forecast (FY)kr5.26B
Bergman & Beving AB Class B Business Overview & Revenue Model
Company Description
Bergman & Beving AB (publ), established in Stockholm, Sweden, in 1906, is a prominent player involved in the acquisition, design, development, and distribution of products and brands. The company caters primarily to the manufacturing and construct...
How the Company Makes Money
Bergman & Beving makes money primarily by owning operating subsidiaries that sell specialized industrial and construction-related products to professional customers. Revenue is generated mainly from the sale of goods (and, where applicable at the ...
Bergman & Beving AB Class B Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.07B | 5.08B | 4.97B | 4.75B | 4.75B | 4.57B |
| Gross Profit | 1.50B | 2.56B | 2.35B | 2.12B | 2.12B | 1.95B |
| EBITDA | 797.00M | 706.00M | 712.00M | 623.00M | 570.00M | 500.00M |
| Net Income | 265.00M | 229.00M | -52.00M | 207.00M | 207.00M | 200.00M |
Balance Sheet | ||||||
| Total Assets | 6.83B | 6.62B | 6.13B | 6.06B | 5.75B | 5.29B |
| Cash, Cash Equivalents and Short-Term Investments | 426.00M | 382.00M | 348.00M | 296.00M | 220.00M | 182.00M |
| Total Debt | 2.39B | 2.39B | 2.06B | 1.79B | 1.75B | 1.44B |
| Total Liabilities | 4.66B | 4.58B | 4.16B | 3.85B | 3.51B | 3.36B |
| Stockholders Equity | 2.06B | 1.94B | 1.87B | 2.11B | 2.18B | 1.92B |
Cash Flow | ||||||
| Free Cash Flow | 448.00M | 427.00M | 446.00M | 605.00M | 288.00M | 174.00M |
| Operating Cash Flow | 519.00M | 493.00M | 509.00M | 663.00M | 333.00M | 225.00M |
| Investing Cash Flow | -397.00M | -538.00M | -463.00M | -368.00M | -281.00M | -188.00M |
| Financing Cash Flow | -198.00M | 81.00M | 25.00M | -223.00M | -25.00M | 1.00M |
Bergman & Beving AB Class B Technical Analysis
Negative
272.50
Price Trends
262.18
Negative
273.62
Negative
279.59
Negative
Market Momentum
-0.55
Negative
46.36
Neutral
38.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BERG.B, the sentiment is Negative. The current price of 272.5 is above the 20-day moving average (MA) of 258.83, above the 50-day MA of 262.18, and below the 200-day MA of 279.59, indicating a bearish trend. The MACD of -0.55 indicates Negative momentum. The RSI at 46.36 is Neutral, neither overbought nor oversold. The STOCH value of 38.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BERG.B.
Bergman & Beving AB Class B Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr23.43B | 33.10 | 23.70% | 1.04% | 11.13% | 16.93% | |
66 Neutral | kr46.84B | 35.46 | 29.82% | 1.09% | 16.99% | 21.47% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | kr128.72B | 32.73 | 19.26% | 0.95% | 7.11% | 10.47% | |
61 Neutral | kr83.46B | 36.12 | 28.37% | 1.16% | 4.32% | 15.23% | |
60 Neutral | kr25.62B | 32.75 | 18.20% | 0.97% | 8.13% | 32.45% | |
58 Neutral | kr6.87B | 25.77 | 13.53% | 1.62% | 1.00% | ― |
* Industrials Sector Average
SE:BERG.B
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Bergman & Beving AB Class B Corporate Events
Bergman & Beving Extends Earnings Growth Streak With Strong Half-Year Results
Oct 21, 2026
Bergman Beving AB reported solid second-quarter and six-month figures for 2026/2027, with revenue rising to MSEK 1,222 for the quarter and MSEK 2,545 for the half-year, driven by both organic growth and acquisitions. Operating profit (EBITA) incr...
Bergman & Beving Schedules Webcast for Second-Quarter Interim Report
Oct 8, 2026
Bergman Beving, a Stockholm-listed industrial group founded in 1906, focuses on acquiring and developing autonomous companies in expansive niches serving industrial and construction customers. With around 40 companies, operations in over 25 count...
Bergman & Beving Launches Fully Subscribed Share-Based Incentive Scheme for Senior Management
Sep 18, 2026
Bergman Beving AB has implemented a fully subscribed share‑based incentive scheme for around 40 senior managers, reflecting its ongoing effort to align leadership rewards with shareholder value creation. Participants have acquired up to 200...
Bergman & Beving bolsters safety portfolio with Håva-Skyltar acquisition
Sep 1, 2026
Bergman Beving’s Safety Technology division has expanded its portfolio through subsidiary Collinder’s acquisition of Håva-Skyltar, a Malmö-based manufacturer and supplier of a broad range of signs, safety products and custom...
Bergman & Beving AGM Backs Higher Dividend, Buyback Mandate and New Executive Option Plan
Aug 27, 2026
Bergman Beving AB, a Stockholm-based industrial trading group supplying technical products and solutions to professional users in construction, industry and related sectors, operates through a portfolio of niche brands across the Nordic region an...
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.