Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
BEWI ASA is a leading European provider of packaging, components, and insulation solutions, operating through a circular business model that emphasizes sustainability and resource efficiency. The company produces raw materials like expanded polystyrene (EPS) beads and BioFoam in its RAW segment, manufactures customized packaging and technical components from EPS, expanded polypropylene, and other materials in the Packaging & Components division, and develops insulation products such as sandwich panels, XPS boards, and drainage boards for construction and infrastructure in the Insulation segment. Additionally, the Circular segment focuses on waste management, collection, and recycling of used materials, positioning BEWI as Europe's top collector of used EPS insulation, saving significant CO2 emissions. Serving diverse industries including food (e.g., seafood packaging), automotive, pharmaceuticals, and building, BEWI protects goods from fish to fragile products and enhances energy efficiency in structures. Headquartered in Trondheim, Norway, with around 3,500 employees, the company has expanded through nearly 30 acquisitions since 2014, generating primary revenue from Norway while maintaining a strong international presence across Europe.
NOK 1.53
NOK 0.02 (-1.55%)
EOD Jul 1, 2026
Operating margin is thin at 1.32%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 7.5%, steady but not accelerating. Free cash flow declined 141% despite revenue growth, conversion is weakening.
Free cash flow declined 141% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€21M. The business is consuming cash, not generating it.
1.9x earnings, 1.1x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€807M
▲ +7.5% YoY
Net Income (TTM)
€17M
▲ +162.7% YoY
Op. Margin
2.40%
▲ +0.3pp YoY
ROIC
0.88%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€28M
▼ -140.8% YoY
Op. Cash Flow (TTM)
€90M
▼ -45.0% YoY
Net Debt
€443M
Cash & Equiv.
€66M
3Y CAGR: -8.8%
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At a P/E of 1.9 and a price-to-free-cash-flow of 1.1, Bewi Asa (BEWI.XOSL) trades above a two-stage DCF intrinsic value of about €0.17 per share, so at €1.53 the stock looks overvalued (89.2% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Bewi Asa scores 33/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €0.17 per share for BEWI.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €0.12. At today's €1.53, that puts the stock about 89.2% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Bewi Asa scores 33 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 2.4% operating margin and a 0.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. BEWI.XOSL currently trades above its estimated intrinsic value and scores 33/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.