Added to YB: 2025-04-10
Pitch date: 2025-04-09
BERNER-B.ST [bullish]
Berner Industrier AB
+100.1%
current return
Author Info
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Company Info
Berner Industrier AB engages in the technology distribution, and energy and environment business in Sweden, Norway, Finland, and Denmark.
Market Cap
SEK 1.5B
Pitch Price
SEK 38.38
Price Target
N/A
Dividend
1.63%
EV/EBITDA
12.07
P/E
20.24
EV/Sales
1.59
Sector
Electronic Equipment, Instruments and Components
Category
value
Backing a Swedish Jockey to Transform a Rough Diamond into an Industrial Gem
BERNER-B.ST: Swedish industrial conglomerate of 5 niche businesses (pumps, valves, noise control, packaging, distribution) trading 13.7x EV/EBIT vs peers at ~27x. New CEO (ex-Lagercrantz VP, BCG, PE) implementing decentralized model. Currently 6% op margin vs 9% target, aiming 25% ROE. Trades 11.1x normalized P/E. 4-6x upside via margin expansion + re-rating.
Read full article (13 min)