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Beijer Alma AB (BEIA-B) Fair Value & Analysis

Industrials · SE · Market cap 17.5B SEK (≈ $1.8B) · ISIN SE0011090547

What is Beijer Alma AB really worth?

BA Beijer Alma AB BEIA-B · ST
Pricekr 300.50
Fair Valuekr 214.28
Upside−28.7%
Quality62/100

A solid business, but trading 40% above our fair value of kr 214.28.

As of Sep 2, 2026, the fair value of Beijer Alma AB is kr 214.28 per share against a price of kr 300.50, so the fair value sits 29% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Healthy Growth (revenue 5y +12.8 %/yr)
Moderate debt · generates free cash flow
Ranks above peers (9/14)

Risks

!Thin margins · 7.9% net margin
!Moderate moat 54/100
!Weak on future: 18 out of 100
!Weak on dividend: 27 out of 100

For context

·1.33% dividend yield
Evidence: High Range kr 111.91 – kr 276.70

Fair value as of: Sep 2, 2026

From 24 valuation models · updated 3 days ago

Share price +1.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (kr 276.70). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 111.91 to kr 276.70) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

kr 312.00 kr 129.12 Fair Value kr 214.28 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.

How to read this chart

60‑month range kr 129.12 – kr 312.00 · fair‑value band kr 111.91 – kr 276.70 · the kr 300.50 price screens above the kr 214.28 fair value. Dashed = 300-day average. As of Sep 2, 2026.

Full chart & analysis →

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Analysis

Beijer Alma AB (BEIA-B) currently trades at kr 300.50, while our model-based Fair Value estimate is kr 214.28, implying the stock looks roughly 40.2% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of kr 212.19 per share, and 0 of the 24 models we run sit above the kr 300.50 price. Bear case: the Asset-Based group reads lowest at kr 54.49, and 24 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Beijer Alma AB generated revenue of 7.8B SEK at a net margin of 7.9%. Revenue grew 3.5% year over year. It earns a return on equity of 13.6%. Net debt stands at 2.8B SEK. Fundamentals as of Sep 2, 2026

Our scenario range runs from kr 111.91 (bear case) to kr 276.70 (bull case); at kr 300.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −29%, BEIA-B screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 4.24 per share, which is 2.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF kr 111.74 kr 208.98 kr 365.01 77
Growth DCF kr 112.95 kr 207.79 kr 359.20 76
EPV kr 110.14 kr 134.89 kr 156.54 74
All 24 models by family
DCF Models
FCF DCF kr 111.74 kr 208.98 kr 365.01 77
Owner Earnings kr 88.09 kr 170.01 kr 301.45 73
5Y Revenue Exit kr 123.77 kr 235.99 kr 383.20 70
5Y EBITDA Exit kr 152.41 kr 291.59 kr 459.04 73
5Y P/E Exit kr 111.51 kr 212.19 kr 321.13 69
10Y Revenue Exit kr 112.59 kr 215.58 kr 362.13 64
10Y EBITDA Exit kr 136.66 kr 254.98 kr 422.07 66
10Y P/E Exit kr 110.20 kr 198.71 kr 313.07 62
Earnings-Based
Graham-Dodd kr 71.68 kr 264.26 kr 356.92 64
Lynch FV kr 63.24 kr 90.34 kr 117.44 61
PEG = 1.0 kr 63.24 kr 90.34 kr 117.44 57
EPV kr 110.14 kr 134.89 kr 156.54 74
Multiples
P/E Multiple kr 166.02 kr 221.36 kr 276.70 63
P/S Multiple kr 134.40 kr 179.20 kr 224.00 58
P/B Multiple kr 134.40 kr 179.20 kr 224.00 55
EV/EBIT kr 205.63 kr 286.94 kr 368.26 66
EV/EBITDA kr 196.18 kr 274.34 kr 352.51 67
EV/Revenue kr 135.79 kr 210.41 kr 285.03 53
Asset-Based
NCAV (Graham) kr 40.66 kr 54.49 kr 81.32 54
Growth DCF
Growth DCF kr 112.95 kr 207.79 kr 359.20 76
Rev-Margin DCF kr 123.77 kr 234.33 kr 367.30 71
Economic Profit
Residual Income kr 77.22 kr 94.80 kr 214.86 70
ROIC Compounder kr 119.43 kr 169.24 kr 235.69 71
Growth Earnings
Growth-Adj P/E kr 118.13 kr 168.76 kr 219.39 67

Widest divergence: DCF Models (kr 212.19) versus Asset-Based (kr 54.49). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 28.5 as of Jul 15, 2026
P/S ratio 2.09 P/E × margin
EPS (TTM) kr 10.24 price ÷ EPS = P/E 28.5
Dividend yield 1.3% payout 39.1%
Net margin 7.3% FY2025
Return on equity 13.6% TTM
More key figures
Profitability
Return on assets (EBIT) 11.0% avg 5y
Operating margin 14.9% TTM
Growth
Revenue (TTM) 7.8B SEK TTM
Revenue growth (YoY) +3.5% 3y avg +9.7%
EPS growth (YoY) +30.6%
Balance sheet & cash flow
Free cash flow 679M SEK FY2025
Net debt 2.8B SEK FY2025 · ≈ 4.2 yrs of FCF

Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 64

Profitability 48
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Beijer Alma AB (publ), together with its subsidiaries, engages in component manufacturing and industrial trading businesses in Sweden, rest of Nordic Region, rest of Europe, North America, Asia, and internationally. It operates in two segments, Beijer Components and Beijer Tech.

Full company description

Beijer Alma AB (publ), together with its subsidiaries, engages in component manufacturing and industrial trading businesses in Sweden, rest of Nordic Region, rest of Europe, North America, Asia, and internationally. It operates in two segments, Beijer Components and Beijer Tech. The company offers industrial springs, and wire and flat strip components; replacement springs for cars and light trucks; industrial products comprising consumables, components, and machinery; and fluid technology products. It serves companies operating in automotive, engineering and infrastructure. The company was formerly known as Beijer Alma Industri & Handel and changed its name to Beijer Alma AB (publ) in 1998. The company was incorporated in 1983 and is headquartered in Uppsala, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijer Alma AB reported revenue of 7.8B SEK in FY2025 versus 5.4B SEK in FY2021, a compound +9.5%/yr. Reported net income was 568M SEK in FY2025, compounding 0.0%/yr from FY2021.

Growth Quality 93/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
7.8B SEK
Latest YoY
+7.6%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.8%
Avg. revenue growth/yr (23Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+7.0% · in SEK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+5.7%
Dividend yield1.3%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 5.7% vs 10Y 4.8%, steady
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12.8% (2020) → 13.3% (2025) · steady
Worst earnings drop25% (2009) · in SEK
Revenue +9.5%/yr
FY21 5.4B SEK
FY22 5.9B SEK
FY23 6.9B SEK
FY24 7.2B SEK
FY25 7.8B SEK
Net income 0.0%/yr
FY21 568M SEK
FY22 540M SEK
FY23 519M SEK
FY24 714M SEK
FY25 568M SEK
Character of growth · EPS growth decomposed (2014-2025) +6.4 % p.a.
Revenue per share +8.3 %

of which total revenue +8.7 % · buybacks/dilution −0.3 %

EBIT margin +0.7 %
Tax rate +0.3 %
Residual (interest, one-offs) −2.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

BEIA-B screens 40% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Beijer Alma AB Fair Value". https://www.fairvalue-calculator.com/stock/BEIA-B

Peer Group

Specialty Industrial Machinery · 791 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 62 · Above median
Fair Value upside −29% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 15% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 28.5× · Cheaper than median
P/B 4.00× · Pricier than median
P/S (TTM) 2.24× · Pricier than median
P/FCF 2.7× · Cheaper than median
EV/EBITDA 15.5× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE18 · sector 21
PAST55 · sector 28
HEALTH72 · sector 96
DIVIDEND27 · sector 27

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $941.84 $131.95 −86%
SIE SIE €289.85 €139.77 −52%
Eaton Corporation ETN $402.78 $168.65 −58%
Parker-Hannifin Corporation PH $995.02 $398.69 −60%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $281.67 $145.84 −48%
Emerson Electric Co EMR $155.18 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%

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Frequently asked questions

Is Beijer Alma AB (BEIA-B) overvalued or undervalued?
As of Sep 2, 2026, our model estimates a fair value of kr 214.28 versus a price of kr 300.50, about −29% upside (overvalued).
What is the fair value of BEIA-B?
Our model-based fair value for Beijer Alma AB is kr 214.28 (as of Sep 2, 2026), built from audited fundamentals. The current price: kr 300.50.
What is the quality score of BEIA-B?
Beijer Alma AB has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Beijer Alma AB (BEIA-B)?
Beijer Alma AB reported trailing-twelve-month revenue of about 7.8B SEK (latest available figure, as of Sep 2, 2026).
What is the net profit margin of BEIA-B?
The net profit margin of Beijer Alma AB is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.
Does Beijer Alma AB pay a dividend?
Beijer Alma AB currently shows a dividend yield of about 1.33% relative to its recent price (as of Sep 2, 2026).
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