BEIJBS:AQUISEUBeijer Ref AB Class B Analysis

At SEK 134.30, Beijer Ref AB (publ) shows a bullish moving-average alignment, with shorter averages sitting above longer ones. The last 30 days have lost 2.2%. RSI sits at 20.6, which reads as oversold, and MACD momentum is bearish. Recent trading has carved out support near SEK 134.30 and resistance around SEK 143.35.
On valuation the read is fair — earnings multiple of 28.8 versus a 29.6 sector average, in line with the peer group. Revenue is growing at 5.9% on a 6.3% profit margin. The 1.12% dividend yield looks covered by current payout levels.
The composite risk read is 6/10, putting it in elevated territory. With 30-day volatility of 23.0%, a beta of 0.19 and a maximum drawdown of 28.1%, position sizing matters here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 94 on the fear-greed composite.
Short, medium and long-term reads agree on hold, with conviction of 3/10.