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BE Group

OM:BEGR
Snowflake Description

Very undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BEGR
OM
SEK456M
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

BE Group AB (publ) operates as a trading and service company in steel, stainless steel, and aluminum products in Sweden, Finland, Estonia, Latvia, Lithuania, Poland, and the Czech Republic. The last earnings update was 45 days ago. More info.


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BEGR Share Price and Events
7 Day Returns
-0.3%
OM:BEGR
1.4%
SE Trade Distributors
1%
SE Market
1 Year Returns
-8.1%
OM:BEGR
52.6%
SE Trade Distributors
22.5%
SE Market
BEGR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BE Group (BEGR) -0.3% -4.8% -13.7% -8.1% -13.7% -63.1%
SE Trade Distributors 1.4% 1.8% 9.4% 52.6% 92.9% 186.9%
SE Market 1% 0.6% 8.4% 22.5% 13.7% 27%
1 Year Return vs Industry and Market
  • BEGR underperformed the Trade Distributors industry which returned 52.6% over the past year.
  • BEGR underperformed the Market in Sweden which returned 22.5% over the past year.
Price Volatility
BEGR
Industry
5yr Volatility vs Market
Related Companies

Value

 Is BE Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BE Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BE Group.

OM:BEGR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year SE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:BEGR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 22%) (243.14%))
2.147
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.42% + (2 * 5.44%)
10.46%

Discounted Cash Flow Calculation for OM:BEGR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BE Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OM:BEGR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 10.46%)
2020 87.00 Analyst x1 78.76
2021 122.00 Analyst x1 99.99
2022 105.42 Est @ -13.59% 78.22
2023 95.26 Est @ -9.64% 63.98
2024 88.71 Est @ -6.87% 53.94
2025 84.33 Est @ -4.94% 46.42
2026 81.31 Est @ -3.58% 40.52
2027 79.17 Est @ -2.63% 35.72
2028 77.61 Est @ -1.97% 31.70
2029 76.44 Est @ -1.5% 28.27
Present value of next 10 years cash flows SEK557.00
OM:BEGR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK76.44 × (1 + -0.42%) ÷ (10.46% – -0.42%)
SEK699.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK699.62 ÷ (1 + 10.46%)10
SEK258.71
OM:BEGR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK557.00 + SEK258.71
SEK815.71
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK815.71 / 12.98
SEK62.83
OM:BEGR Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK62.83
Current discount Discount to share price of SEK35.80
= -1 x (SEK35.80 - SEK62.83) / SEK62.83
43%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BE Group is available for.
Intrinsic value
43%
Share price is SEK35.8 vs Future cash flow value of SEK62.83
Current Discount Checks
For BE Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BE Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BE Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BE Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BE Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:BEGR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK4.16
OM:BEGR Share Price ** OM (2019-12-06) in SEK SEK35.8
Sweden Trade Distributors Industry PE Ratio Median Figure of 12 Publicly-Listed Trade Distributors Companies 15.28x
Sweden Market PE Ratio Median Figure of 354 Publicly-Listed Companies 18.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BE Group.

OM:BEGR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:BEGR Share Price ÷ EPS (both in SEK)

= 35.8 ÷ 4.16

8.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BE Group is good value based on earnings compared to the SE Trade Distributors industry average.
  • BE Group is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does BE Group's expected growth come at a high price?
Raw Data
OM:BEGR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
12.4%per year
Sweden Trade Distributors Industry PEG Ratio Median Figure of 8 Publicly-Listed Trade Distributors Companies 1.57x
Sweden Market PEG Ratio Median Figure of 238 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

OM:BEGR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.61x ÷ 12.4%

0.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BE Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on BE Group's assets?
Raw Data
OM:BEGR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK71.79
OM:BEGR Share Price * OM (2019-12-06) in SEK SEK35.8
Sweden Trade Distributors Industry PB Ratio Median Figure of 12 Publicly-Listed Trade Distributors Companies 2.52x
Sweden Market PB Ratio Median Figure of 755 Publicly-Listed Companies 2.7x
OM:BEGR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:BEGR Share Price ÷ Book Value per Share (both in SEK)

= 35.8 ÷ 71.79

0.5x

* Primary Listing of BE Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BE Group is good value based on assets compared to the SE Trade Distributors industry average.
X
Value checks
We assess BE Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. BE Group has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BE Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BE Group expected to grow at an attractive rate?
  • BE Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • BE Group's earnings growth is expected to exceed the Sweden market average.
  • BE Group's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:BEGR Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:BEGR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 12.4%
OM:BEGR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.3%
Sweden Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Sweden Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:BEGR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:BEGR Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,691 139 79 1
2020-12-31 4,657 104 78 1
2019-12-31 4,611 78 72 1
OM:BEGR Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 4,529 195 54
2019-06-30 4,663 199 73
2019-03-31 4,782 149 61
2018-12-31 4,803 86 80
2018-09-30 4,744 16 64
2018-06-30 4,601 123 50
2018-03-31 4,436 57 29
2017-12-31 4,348 95 24
2017-09-30 4,206 88 27
2017-06-30 4,130 -21 34
2017-03-31 4,030 64 67
2016-12-31 3,870 78 -20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BE Group's earnings are expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
  • BE Group's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:BEGR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from BE Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:BEGR Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 6.07 6.07 6.07 1.00
2020-12-31 6.02 6.02 6.02 1.00
2019-12-31 5.56 5.56 5.56 1.00
OM:BEGR Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 4.16
2019-06-30 5.62
2019-03-31 4.70
2018-12-31 6.16
2018-09-30 4.93
2018-06-30 3.85
2018-03-31 2.23
2017-12-31 1.85
2017-09-30 2.08
2017-06-30 2.62
2017-03-31 5.16
2016-12-31 -1.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BE Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BE Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BE Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BE Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BE Group's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BE Group has delivered over 20% year on year earnings growth in the past 5 years.
  • BE Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BE Group's 1-year earnings growth is negative, it can't be compared to the SE Trade Distributors industry average.
Earnings and Revenue History
BE Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BE Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:BEGR Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,529.00 54.00 519.00
2019-06-30 4,663.00 73.00 520.00
2019-03-31 4,782.00 61.00 529.00
2018-12-31 4,803.00 80.00 527.00
2018-09-30 4,744.00 64.00 528.00
2018-06-30 4,601.00 50.00 523.00
2018-03-31 4,436.00 29.00 515.00
2017-12-31 4,348.00 24.00 518.00
2017-09-30 4,206.00 27.00 515.00
2017-06-30 4,130.00 34.00 514.00
2017-03-31 4,030.00 67.00 513.00
2016-12-31 3,870.00 -20.00 506.00
2016-09-30 3,898.00 -41.00 504.00
2016-06-30 3,972.00 -190.00 508.00
2016-03-31 4,029.00 -222.00 509.00
2015-12-31 4,155.00 -169.00 517.00
2015-09-30 4,183.00 -191.00 521.00
2015-06-30 4,215.00 -74.00 523.00
2015-03-31 4,223.00 -68.00 523.00
2014-12-31 4,202.00 -73.00 518.00
2014-09-30 4,511.00 -49.00 542.00
2014-06-30 4,429.00 -32.00 531.00
2014-03-31 4,406.00 -32.00 534.00
2013-12-31 4,355.00 -51.00 534.00
2013-09-30 4,035.00 -69.00 523.00
2013-06-30 4,139.00 -75.00 535.00
2013-03-31 4,323.00 -60.00 552.00
2012-12-31 4,634.00 -12.00 572.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BE Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BE Group used its assets less efficiently than the SE Trade Distributors industry average last year based on Return on Assets.
  • BE Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BE Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BE Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BE Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BE Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BE Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BE Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BE Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BE Group Company Filings, last reported 2 months ago.

OM:BEGR Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 932.00 549.00 118.00
2019-06-30 922.00 560.00 158.00
2019-03-31 922.00 555.00 137.00
2018-12-31 892.00 548.00 108.00
2018-09-30 882.00 569.00 57.00
2018-06-30 863.00 547.00 51.00
2018-03-31 852.00 542.00 39.00
2017-12-31 802.00 539.00 61.00
2017-09-30 801.00 599.00 134.00
2017-06-30 794.00 600.00 13.00
2017-03-31 804.00 562.00 34.00
2016-12-31 771.00 590.00 27.00
2016-09-30 775.00 600.00 36.00
2016-06-30 756.00 633.00 92.00
2016-03-31 734.00 628.00 63.00
2015-12-31 785.00 642.00 33.00
2015-09-30 812.00 708.00 58.00
2015-06-30 943.00 657.00 67.00
2015-03-31 711.00 815.00 10.00
2014-12-31 715.00 796.00 73.00
2014-09-30 755.00 792.00 46.00
2014-06-30 771.00 794.00 57.00
2014-03-31 776.00 806.00 101.00
2013-12-31 627.00 874.00 57.00
2013-09-30 636.00 851.00 28.00
2013-06-30 639.00 846.00 44.00
2013-03-31 641.00 822.00 40.00
2012-12-31 673.00 818.00 89.00
  • BE Group's level of debt (58.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (100.8% vs 58.9% today).
  • Debt is well covered by operating cash flow (35.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess BE Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BE Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is BE Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.89%
Current annual income from BE Group dividends. Estimated to be 6.98% next year.
If you bought SEK2,000 of BE Group shares you are expected to receive SEK98 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BE Group's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.63%).
  • BE Group's dividend is above the markets top 25% of dividend payers in Sweden (4.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:BEGR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Sweden Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 1.7%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 260 Stocks 3.3%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.6%
Sweden Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:BEGR Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.00 1.00
2020-12-31 2.50 1.00
2019-12-31 2.00 1.00
OM:BEGR Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-25 1.750 4.242
2013-10-22 0.000 0.000
2013-07-17 0.000 0.000
2013-04-26 0.000 0.000
2012-04-25 5.000 1.397
2010-10-22 0.000 0.000
2010-07-15 0.000 0.000
2010-04-27 0.000 0.000
2010-03-29 0.000 0.000
2009-04-09 20.000 2.642
2009-02-05 20.000 4.776

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of BE Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess BE Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BE Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BE Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BE Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Andersson
AGE 44
TENURE AS CEO 0.2 years
CEO Bio

Mr. Peter Andersson serves as President of BE Group AB (publ) since October 11, 2019 and has been its Chief Executive Officer since October 1 ,2019. Since 2016, he employed at BE Group as Business Unit Manager for Production Sweden & Poland and has been responsible for several restructurings of BE Group´s previous businesses in Eskilstuna and Czech Republic. Peter has previously held leading positions in Swedish and International companies such as Styrolution, Disab Vaccuum Technology and Alfa Laval. He has a B.Sc. Engineering from Lund Institute of Technology.

CEO Compensation
  • Insufficient data for Peter to compare compensation growth.
  • Insufficient data for Peter to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team

Peter Andersson

TITLE
President & CEO
AGE
44
TENURE
0.2 yrs

Daniel Fäldt

TITLE
Chief Financial Officer
AGE
43
TENURE
2.8 yrs

Petra Fransson

TITLE
Head of HR Department
Board of Directors Tenure

Average tenure and age of the BE Group board of directors in years:

3.8
Average Tenure
51.5
Average Age
  • The tenure for the BE Group board of directors is about average.
Board of Directors

Jörgen Zahlin

TITLE
Chairman
COMPENSATION
SEK250K
AGE
55
TENURE
0.3 yrs

Lars Nilsson

TITLE
Independent Director
COMPENSATION
SEK280K
AGE
57
TENURE
13.9 yrs

Petter Stillström

TITLE
Independent Director
COMPENSATION
SEK460K
AGE
47
TENURE
7.7 yrs

Mikael Sjölund

TITLE
Independent Director
COMPENSATION
SEK261K
AGE
48
TENURE
3.7 yrs

Mikael Törnros

TITLE
Employee Representative Director
AGE
47
TENURE
3.9 yrs

Carina Andersson

TITLE
Independent Director
COMPENSATION
SEK140K
AGE
55
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • BE Group individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
06. Nov 19 Buy Jörgen Zahlin Individual 05. Nov 19 05. Nov 19 6,000 SEK37.98 SEK227,880
16. Sep 19 Sell Anders Martinsson Individual 13. Sep 19 16. Sep 19 -60,000 SEK42.50 SEK-2,521,926
21. Feb 19 Buy Mikael Sjölund Individual 21. Feb 19 21. Feb 19 5,000 SEK41.50 SEK207,500
X
Management checks
We assess BE Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BE Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's Why We Think BE Group (STO:BEGR) Is Well Worth Watching

See our latest analysis for BE Group BE Group's Improving Profits Over the last three years, BE Group has grown earnings per share (EPS) like young bamboo after rain; fast, and from a low base. … We haven't seen any insiders selling BE Group shares, in the last year. … The good news is that BE Group is not the only growth stock with insider buying.

Simply Wall St -

Have Investors Priced In BE Group AB (publ)'s (STO:BEGR) Growth?

Stocks like BE Group, with a price-to-earnings (P/E) ratio of 8.77x, always catch the eye of investors on the hunt for a bargain. … But, to be able to properly assess the value of a high-growth stock such as BE Group, we must incorporate its earnings growth in our valuation. … A PE ratio of 8.77x and expected year-on-year earnings growth of 13% give BE Group a very low PEG ratio of 0.67x.

Simply Wall St -

Why BE Group AB (publ)’s (STO:BEGR) Return On Capital Employed Might Be A Concern

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Now The Time To Look At Buying BE Group AB (publ) (STO:BEGR)?

BE Group AB (publ) (STO:BEGR), which is in the trade distributors business, and is based in Sweden,. … As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s take a look at BE Group’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Have Insiders Been Buying BE Group AB (publ) (STO:BEGR) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in BE Group AB (publ) (STO:BEGR). … However, most countries require that the company discloses such transactions to the market. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'.

Simply Wall St -

The BE Group (STO:BEGR) Share Price Is Down 78% So Some Shareholders Are Rather Upset

BE Group AB (publ) (STO:BEGR) shareholders should be happy to see the share price up 20% in the last quarter. … During five years of share price growth, BE Group moved from a loss to profitability. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity

Simply Wall St -

Is BE Group AB (publ) (STO:BEGR) A Financially Sound Company?

While small-cap stocks, such as BE Group AB (publ) (STO:BEGR) with its market cap of kr541m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

Is BE Group AB (publ)'s (STO:BEGR) P/E Ratio Really That Good?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … BE Group has a price to earnings ratio of 6.67, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is BE Group AB (publ)'s (STO:BEGR) CEO Paid Enough Relative To Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Anders Martinsson's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that BE Group AB (publ) has a market cap of kr539m, and is paying total annual CEO compensation of kr3.9m.

Simply Wall St -

What Kind Of Shareholder Appears On The BE Group AB (publ)'s (STO:BEGR) Shareholder Register?

If you want to know who really controls BE Group AB (publ) (STO:BEGR), then you'll have to look at the makeup of its share registry. … Taking a look at our data on the ownership groups (below), it's seems that. … Let's take a closer look to see what the different types of shareholder can tell us about BEGR

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Company Info

Description

BE Group AB (publ) operates as a trading and service company in steel, stainless steel, and aluminum products in Sweden, Finland, Estonia, Latvia, Lithuania, Poland, and the Czech Republic. It offers long steel products comprising beams, hollow sections, steel bars, and steel tubes; flat steel products, such as plates and sheets in various forms, including hot-rolled, cold-rolled, or metal-coated; and engineering steel comprising rods and hollow cast blanks. The company also provides stainless steel assortment, such as plates, sheets, bars, tubes, and tube parts; reinforcement steel and reinforcement mesh products; and aluminium products, such as plates, sheets, profiles, bars and tubes. In addition, it offers production services, such as cutting, blasting, and painting of hollow sections, as well as material advice, logistics solutions, and timesaving IT services that include Web-based e-commerce, EDI, digital notifications, and electronic invoices. BE Group AB (publ) markets and sells its products directly, and through distributors and steel service centers primarily to construction and manufacturing industries. The company was founded in 1885 and is headquartered in Malmö, Sweden.

Details
Name: BE Group AB (publ)
BEGR
Exchange: OM
Founded: 1885
SEK455,703,300
12,983,000
Website: http://www.begroup.com
Address: BE Group AB (publ)
Krangatan 4B,
Box 225,
Malmö,
Skåne County, 201 22,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BEGR Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 24. Nov 2006
DB BGA1 Ordinary Shares Deutsche Boerse AG DE EUR 24. Nov 2006
LSE 0RGK Ordinary Shares London Stock Exchange GB SEK 24. Nov 2006
BATS-CHIXE BEGRS Ordinary Shares BATS 'Chi-X Europe' GB SEK 24. Nov 2006
Number of employees
Current staff
Staff numbers
649
BE Group employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/08 20:49
End of day share price update: 2019/12/06 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/10/24
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.