profit from every SEK 100 of sales.
SEK 0SEK 100
Beijer Ref
SEK 164.70+0.92% today
+13.2% in 1 year
1-year low SEK 123.301-year high SEK 164.70
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay SEK 35.90 for every SEK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Beijer Ref sold, what it kept, and what it did with the cash.
Sales went from SEK 22.6 billion in 2022 to SEK 37.1 billion in 2025, with SEK 2.33 billion of profit last year.
SalesProfit
Beijer Ref handed back 22% of the cash it generated last year.
SEK 840M
Free cash flow 2025SEK 3.8B
Bought back its own shares–
Paid as dividendsSEK 840M
Cash vs. debtSEK 3.4B vs. SEK 12.9B
Beijer Ref vs. similar companies
Beijer Ref grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| Beijer Ref | 35.9× · Expensive | ||
 W.W. Grainger | 40.9× · Expensive | ||
 Ferguson Enterprises | 26.8× · Fair price | ||
 Diploma | 52.5× · Expensive | ||
 Indutrade | 38.1× · Expensive |
AI analysis
An AI analyst reads Beijer Ref's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 22,638 | 32,150 | 35,662 | 37,067 | |
| 6,827 | 10,329 | 11,513 | 11,854 | |
| 1,817 | 3,081 | 3,490 | 3,449 | |
| 2,474 | 3,994 | 4,611 | 4,679 | |
| 1,248 | 2,375 | 2,227 | 2,326 | |
| 3.00 | 4.88 | 4.39 | 4.59 | |
| 30.2% | 32.1% | 32.3% | 32.0% | |
| 8.0% | 9.6% | 9.8% | 9.3% | |
| 5.5% | 7.4% | 6.2% | 6.3% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 21,864 | 39,169 | 46,147 | 44,519 |
| Cash | 1,518 | 1,957 | 3,058 | 3,416 |
| Total debt | 8,612 | 10,250 | 12,668 | 12,917 |
| Total liabilities | 15,150 | 17,726 | 21,931 | 22,628 |
| 6,603 | 21,323 | 24,066 | 21,795 | |
| 415 | 487 | 507 | 507 | |
| 9.9% | 7.9% | 7.8% | 8.3% | |
| 18.9% | 11.1% | 9.3% | 10.7% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 81 | 1,753 | 3,080 | 4,209 | |
| 220 | 360 | 445 | 421 | |
| -139 | 1,393 | 2,635 | 3,788 | |
| Dividends paid | 425 | 477 | 700 | 840 |
| 21 | 39 | – | – | |
| – | – | – | – |
Valuation
- 35.9×
- –
- 2.36
- 3.6×
- 2.3×
- 22.0×
- 19.9×
- 4.5%
- 2.8%
- 1.0%
Profitability
- 32.0%
- 9.3%
- 6.3%
- –
- 8.3%
- 8.5%
- –
- –
- –
- –
Growth
- +17.9%
- +15.2%
- –
- –
- +6.9%
Financial health
- 2.0×
- 0.59
- –
- 7.1×
- 1.50
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 48%of 982
Top 45%of 991
Bottom 21%of 875
Top 15%of 988
Top 43%of 988
1.0%of the share price, paid each year
On $1,000 invested$10a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
36.1% of its profit
Room to growStretchedMore than it earns: 22.2%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
45No pass
Benjamin Graham
37No pass
Philip Fisher
42No pass
Peter Lynch
47No pass
Joel Greenblatt
13No pass
Charlie Munger
29No pass
Terry Smith
37No pass
Questions about Beijer Ref
Is Beijer Ref a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Beijer Ref AI analysis
What does Beijer Ref do?
Beijer Ref AB (publ), together with its subsidiaries, provides commercial and industrial refrigeration, heating, and air conditioning products worldwide. It is in Industrial Distribution, based in Malmö, Sweden, with 7,082 employees.
Does Beijer Ref pay a dividend?
Yes. At today's price the dividend is 1.0% a year, about 36% of its yearly profit. In 2025 it paid out SEK 840 million in dividends.
Is Beijer Ref stock halal?
Yes. Beijer Ref passes our halal screen: its business is permitted and its debt is 15% of its market value, under the 30% limit. How we check
How has Beijer Ref stock done over the past year?
Up 13.2% over the past twelve months, to SEK 164.70. It traded between SEK 123.30 and SEK 164.70, close to its high.
Who are Beijer Ref's competitors?
The largest listed companies in the same industry are W.W. Grainger, Ferguson Enterprises, Diploma and Indutrade. The peers table on this page compares their profit, growth and price with Beijer Ref's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.