The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

BEIJ-B.ST

Concerning the House

Beijer Ref AB (publ), together with its subsidiaries, provides commercial and industrial refrigeration, heating, and air conditioning products worldwide. It provides commercial refrigeration systems, which are used in shops, catering, cafes, hotels, and small refrigerated warehouses; and central refrigeration systems, freezer, and refrigeration plants for modern food retailing, as well as for a range of applications, including ice rinks, food processing, manufacturing, and offshore industries. The company also offers HVAC or comfort cooling and heating products, such as products for climate control and ventilation in homes, offices, and shops; and provides air-to-water heat pumps, as well as produces chillers and heat pumps based on natural refrigerants, such as carbon dioxide, ammonia, and propane. The company distributes products through its branch network and logistics centers in EMEA, APAC, and North America regions. The company was formerly known as G & L Beijer AB (publ) and changed its name to Beijer Ref AB (publ) in 2014. The company was founded in 1866 and is headquartered in Malmö, Sweden.

Sweden · www.beijerref.com

The Ledger
LineMar 2025Jun 2025Dec 2025Mar 2026
Revenue$8.90B$10.18B$8.26B$8.55B
Operating income$778.00M$1.19B$552.00M$746.00M
Net income$478.00M$789.00M$326.00M$477.00M
Diluted EPS0.941.560.640.94
Free cash flow$462.00M$614.00M$1.56B$324.00M
Quotation

$133.30

-0.70 (-0.5%)

52w hi$171.45
52w lo$123.30
Vol571.69K
As ofAug 13
The Verdict

Hold

Our score +0.11

Short-0.12
Medium+0.13
Long+0.54

computed 2026-08-13

By the Numbers

Beijer Ref AB (publ)

Industrials · Industrial Distribution

Market cap$67.58B
Enterprise value$79.64B
Trailing P/E28.48x
Forward P/E24.15x
EV / EBITDA20.34x
P / S (ttm)1.81x
Profit margin6.3%
Return on equity10.5%
Revenue growth+5.9%
Earnings growth+4.5%
Debt / equity59.64
Risk Metrics
Beta vs SPX0.49
Corr SPX0.28
Annual vol28.9%
Annual ret-2.2%
Sharpe-0.08
Max DD-28.0%

Window: 504 trading days (490 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.43
Sector+0.07
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$134.50$134.70$132.70$133.30571.69K
Aug 12$137.60$137.60$133.10$134.002.36M
Aug 11$139.40$139.50$136.50$136.70596.80K
Aug 10$142.90$142.90$138.20$139.50546.85K
Aug 7$140.70$143.50$140.70$142.70634.69K