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BEWI ASA (BEWI) Fair Value & Analysis

Consumer Cyclical · NO · Market cap 4.4B NOK

BA BEWI ASA BEWI · OL
Pricekr 18.56
Fair Valuekr 10.51
Upside-43.4%
Quality39/100
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Healthy Growth
Thin margins · 1.9% net margin
Moderate debt · generates free cash flow
Trails peers (3/12)
Narrow moat 24/100
Evidence: High Range kr 7.89 – kr 13.14 Share as image

Fair value as of: Jul 18, 2026

From 18 valuation models · updated 23 days ago

Share price +1.4% over the past month.

Below-average quality, and screening another 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 13.14). 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.
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Price vs Fair Value (5 years)

kr 76.08 kr 13.46 Fair Value kr 10.51 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range kr 13.46 – kr 76.08 · fair‑value band kr 7.89 – kr 13.14 · the kr 18.56 price screens above the kr 10.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

BEWI ASA (BEWI) currently trades at kr 18.56, while our model-based Fair Value estimate is kr 10.51, implying the stock looks roughly 43.4% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, BEWI ASA generated revenue of 807M NOK at a net margin of 1.9%. Revenue grew 5.7% year over year. It earns a return on equity of -9.0%. Net debt stands at 188M NOK. Fundamentals as of Jul 18, 2026

Our scenario range runs from kr 7.89 (bear case) to kr 13.14 (bull case); at kr 18.56, 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 24% below its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -43%, BEWI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF kr 0.4900 kr 1.29 80
Residual Income kr 1.37 kr 1.33 kr 1.14 76
Growth-Adj P/E kr 0.7400 kr 1.06 kr 1.37 68
All 18 models by family
DCF Models
FCF DCF kr 0.5400 kr 1.43 38
Owner Earnings kr 1.64 kr 3.37 kr 6.18 31
5Y EBITDA Exit kr 0.8600 kr 2.31 kr 4.12 41
5Y P/E Exit kr 0.5500 kr 1.18 38
10Y Revenue Exit kr 0.1100 36
10Y EBITDA Exit kr 0.5400 kr 1.72 kr 3.52 37
10Y P/E Exit kr 0.4800 kr 1.16 35
Earnings-Based
Graham-Dodd kr 0.4500 kr 1.94 kr 2.65 54
Lynch FV kr 0.5000 kr 0.7100 kr 0.9200 50
PEG = 1.0 kr 0.5000 kr 0.7100 kr 0.9200 46
Multiples
P/E Multiple kr 0.8400 kr 1.12 kr 1.40 63
P/S Multiple kr 0.8400 kr 1.12 kr 1.40 58
P/B Multiple kr 0.8400 kr 1.12 kr 1.40 55
EV/EBITDA kr 1.50 kr 2.26 kr 3.02 54
Asset-Based
NCAV (Graham) kr 0.9500 kr 1.27 kr 1.90 50
Growth DCF
Growth DCF kr 0.4900 kr 1.29 80
Economic Profit
Residual Income kr 1.37 kr 1.33 kr 1.14 76
Growth Earnings
Growth-Adj P/E kr 0.7400 kr 1.06 kr 1.37 68

Widest divergence: Economic Profit (kr 1.33) versus Growth DCF (kr 0.4900). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 807M NOK
Revenue growth (YoY) +5.7%
Net margin 1.9%
Return on equity -9.0%
Free cash flow 15.3M NOK FY2025
Operating margin 1.0%
More key figures
EPS (TTM) kr -1.94
EPS growth (YoY) -82.4%
Net debt 188M NOK FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 40 · Market factors (momentum, volatility) 48

Profitability 40
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 0
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.

About the company

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BEWI ASA reported revenue of kr 796M in FY2025 versus kr 748M in FY2021, a compound +1.6%/yr. Reported net income was kr 15.6M in FY2025, compounding −18.7%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
796M NOK
Latest YoY
+3.0%
Avg. 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.
−8.8%
Avg. 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.
+11.5%
Avg. growth/yr (10Y) 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.
+16.4%
Revenue +1.6%/yr
FY21 kr 748M
FY22 kr 1.1B
FY23 kr 1.1B
FY24 kr 773M
FY25 kr 796M
Net income −18.7%/yr
FY21 kr 35.7M
FY22 kr 34.4M
FY23 −kr 18.0M
FY24 −kr 29.6M
FY25 kr 15.6M

BEWI screens 43% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "BEWI ASA Fair Value". https://www.fairvalue-calculator.com/stock/BEWI

Peer Group

Packaging & Containers · 272 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 39 · Bottom 25%
Fair Value upside −43% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 6% · Above median
Debt / equity 0.56× · Higher than 75% of peers

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/B 1.02× · Cheaper than median
P/S (TTM) 0.57× · Cheaper than median
P/FCF 29.9× · Pricier than 75% of peers
EV/EBITDA 11.0× · Pricier than median

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.

VALUE 0 · sector 9
FUTURE 29 · sector 1
PAST 0 · sector 21
HEALTH 72 · sector 92
DIVIDEND 0 · sector 42

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

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is BEWI ASA (BEWI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of kr 10.51 versus a price of kr 18.56, about −43% (overvalued).
What is the fair value of BEWI?
Our model-based fair value for BEWI ASA is kr 10.51 (as of Jul 18, 2026), built from audited fundamentals. The current price is kr 18.56.
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 revenue of BEWI ASA (BEWI)?
BEWI ASA reported trailing-twelve-month revenue of about 807M NOK (latest available figure, as of Jul 18, 2026).
What is the net profit margin of BEWI?
The net profit margin of BEWI ASA is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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