Bewi Asa (BEWI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bewi Asa NOK 6.53, price NOK 21.25, upside -69.3%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 13.46 – kr 76.08 · fair‑value band kr 4.57 – kr 11.94 · the kr 21.25 price screens above the kr 6.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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BEWI ASA, together with its subsidiaries, produces, markets, and sells packaging, components, and insulation solutions in Norway and internationally. The company operates through Insulation & Construction, Packaging & Components, and Circular segments.
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BEWI ASA, together with its subsidiaries, produces, markets, and sells packaging, components, and insulation solutions in Norway and internationally. The company operates through Insulation & Construction, Packaging & Components, and Circular segments. The Insulation & Construction segment develops and manufactures insulation solutions for the building and construction industry, including foundations, walls, roofs, and ceilings for domestic housing and industrial buildings, as well as infrastructure projects; and offers insulation boards from polyisocyanurate and mineral wool sandwich panels. The Packaging & Components segment develops and manufactures standard and customized packaging solutions, including boxes for transportation of fresh fish, and protective packaging for pharmaceuticals and electronics; and delivers technical components to various industries, such as automotive components and components to heating, ventilation, and air condition systems. The Circular segment produces recycled general-purpose polystyrene; offers various solutions within waste management; collects, recycles, and trades used materials; and operates collection stations in various countries. The company operates in Sweden, Finland, Denmark, Norway, Iceland, the Netherlands, Belgium, Portugal, Spain, Poland, Germany, the United Kingdom, France, Lithuania, Czech Republic, Switzerland, Austria, the United States, and Canada. BEWI ASA was founded in 1980 and is headquartered in Trondheim, Norway. BEWI ASA operates as a subsidiary of BEWI Invest AS.
Stock analysis
Bewi Asa (BEWI) currently trades at kr 21.25, while our model-based Fair Value estimate is kr 6.53, implying the stock looks roughly 225.5% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of kr 1.27 per share, and 0 of the 17 models we run sit above the kr 21.25 price.
Bear case: the Earnings-Based group reads lowest at kr 0.7100, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 4.57 (bear) to kr 11.94 (bull), the price of kr 21.25 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 39/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Bewi Asa reported revenue of €796M in FY2025 versus €748M in FY2021, a compound +1.6%/yr. Reported net income was €15.6M in FY2025, compounding −18.7%/yr from FY2021.
Key figures
Market cap 5.0B NOK (≈ $528M) · P/S ratio 5.39 · EPS (TTM) kr −2.05 · Net margin 2.0% · Return on equity −9.0% · Return on assets (EBIT) 3.5% · Operating margin 1.0% · Revenue (TTM) €807M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −21% fair-value upside, at −69%, BEWI screens richer than that median.
Fair Value models
Bear kr 4.57Fair Value kr 6.53Bull kr 11.94
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−8.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.5%
Start year 2020 (pandemic). Over 10 years: +16.4% a year
Revenue growth 10 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−20.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘ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.−21% vs −48%, picking up
Profit margin 2020 to 2025 ⓘ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.9% → 1%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 52.8%/yr over ~8Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +24.5% a year for the price and +1.9% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Packaging & Containers · 272 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−69% · Bottom 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)1% · Bottom 25%
Growth and dividend
Revenue growth6% · Above median
Balance sheet
Debt / equity0.56× · Highest 25%
Valuation Multiplesvs Packaging & Containers median · lower = cheaper
P/B1.17× · Pricier than median
P/S (TTM)0.65× · Cheaper than median
P/FCF34.2× · Priciest 25%
EV/EBITDA12.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)29· sector 3
PAST (return on equity)0· sector 24
HEALTH (low debt)72· sector 92
DIVIDEND (yield)0· sector 46
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bewi Asa Fair Value". https://www.fairvalue-calculator.com/stock/BEWI
Frequently asked questions
Is Bewi Asa (BEWI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 6.53 versus a price of kr 21.25, about −69% upside (overvalued).
What is the fair value of BEWI?
Our model-based fair value for Bewi Asa is kr 6.53 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 21.25.
What is the quality score of BEWI?
Bewi Asa has a Quality Score of 39/100. 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 price target for Bewi Asa (BEWI)?
Our model-based price target is the fair value of kr 6.53 (as of Sep 24, 2026) from 18 valuation models. Cautious scenario kr 4.57, optimistic scenario kr 11.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Bewi Asa stock forecast for 2026?
Our models put fair value at kr 6.53, about −69% upside versus a price of kr 21.25 (overvalued). Cautious scenario kr 4.57, optimistic scenario kr 11.94. The calculation is refreshed regularly with new filings.
What is the revenue of Bewi Asa (BEWI)?
Bewi Asa reported trailing-twelve-month revenue of about €807M (latest available figure, as of Sep 24, 2026).
What growth is priced into Bewi Asa (BEWI)?
For today's price to be fair in a discounted-cash-flow model, Bewi Asa would have to grow free cash flow by +27.2 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BEWI use?
Our models discount Bewi Asa at 10.9 %: a base by market capitalisation (small), damped by beta 0.97, country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bewi Asa that is +27.2 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Bewi Asa (BEWI) delivered so far?
Over the past 5 years revenue at Bewi Asa grew +11.5 % a year. The price currently implies +27.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bewi Asa (BEWI) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Bewi Asa (+27.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bewi Asa (BEWI)?
The free-cash-flow yield on the price is 3.30 %: that much free cash flow Bewi Asa produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bewi Asa (BEWI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bewi Asa it is kr 6.53 per share (as of Sep 24, 2026), against a price of kr 21.25. It is the blended result of 18 valuation models (cash flow, earnings, asset, dividend).
Is Bewi Asa stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BEWI trades above its calculated fair value: price kr 21.25, fair value kr 6.53, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BEWI?
No. The price is what the market pays today (kr 21.25); the fair value is what the company's own numbers justify (kr 6.53). For Bewi Asa the two are kr 14.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bewi Asa worth?
The market values Bewi Asa at about 5.0B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 21.25; our models calculate a fair value of kr 6.53 per share.
What do the bullish and bearish scenarios say about BEWI?
Our models span a range for Bewi Asa: cautious scenario kr 4.57, base kr 6.53, optimistic kr 11.94 per share (as of Sep 24, 2026, price kr 21.25). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bewi Asa (BEWI)?
Balance-sheet figures for Bewi Asa (as of Sep 24, 2026): return on equity −9.0%, debt of 0.56 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is BEWI from its 52-week high?
Bewi Asa trades at kr 21.25, about 3% below its 52-week high of kr 22.00 and 58% above the low of kr 13.46 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 6.53 is for.
Which stocks are comparable to Bewi Asa?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, International Paper Company, Ball Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bewi Asa stock attractive at the current price?
The data as of Sep 24, 2026: price kr 21.25, calculated fair value kr 6.53 (−69%), Quality Score 39/100, from 18 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BEWI calculated?
We run Bewi Asa through 18 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 6.53, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Bewi Asa itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bewi Asa (BEWI)?
The closing price on Sep 24, 2026 was kr 21.25. Our model-based fair value is kr 6.53, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bewi Asa right now?
The price sits above even our optimistic bull case (kr 11.94). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (kr 4.57 to kr 11.94). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Bewi Asa
How large is the market capitalisation of Bewi Asa (BEWI)?
The market capitalisation of Bewi Asa is 5.0B NOK (≈ $528M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bewi Asa (BEWI)?
The price-to-sales ratio of Bewi Asa is 5.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bewi Asa (BEWI)?
Earnings per share at Bewi Asa are kr −2.05. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bewi Asa (BEWI)?
The net margin of Bewi Asa is 2.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bewi Asa (BEWI)?
The return on equity (ROE) of Bewi Asa is −9.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bewi Asa (BEWI)?
On an EBIT basis the return on assets of Bewi Asa is 3.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bewi Asa (BEWI)?
The operating margin of Bewi Asa is 1.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bewi Asa (BEWI)?
Revenue at Bewi Asa is growing +5.7% versus a year earlier (3y avg −8.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bewi Asa (BEWI)?
Earnings per share at Bewi Asa are growing −82.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bewi Asa (BEWI) carry?
The net debt of Bewi Asa is €188M (fiscal year 2025, ≈ 12.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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